Voya Financial, Inc. (VOYA) To Go Ex-Dividend on May 26th

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.47 per share by the asset manager on Friday, June 26th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 26th.

Voya Financial has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 6 years. Voya Financial has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Voya Financial to earn $11.43 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 16.4%.

Voya Financial Stock Down 0.3%

Shares of NYSE:VOYA opened at $81.41 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. Voya Financial has a 52-week low of $57.74 and a 52-week high of $83.25. The company has a 50 day moving average of $70.54 and a two-hundred day moving average of $72.70. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.55 and a beta of 0.86.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.40 EPS. As a group, analysts forecast that Voya Financial will post 9.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Voya Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its position in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Trail Ridge Investment Advisors LLC raised its position in Voya Financial by 2.0% in the third quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock worth $622,000 after acquiring an additional 166 shares in the last quarter. Four Tree Island Advisory LLC increased its stake in Voya Financial by 0.5% in the 4th quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager’s stock worth $2,423,000 after purchasing an additional 174 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Voya Financial by 4.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock worth $338,000 after purchasing an additional 201 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after purchasing an additional 214 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.