UBS Group AG Buys 15,333 Shares of Voya Financial, Inc. (NYSE:VOYA)

UBS Group AG increased its stake in shares of Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,777 shares of the asset manager’s stock after buying an additional 15,333 shares during the quarter. UBS Group AG owned 0.19% of Voya Financial worth $11,362,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in shares of Voya Financial in the first quarter valued at about $36,000. Guardian Wealth Advisors LLC bought a new stake in shares of Voya Financial during the third quarter worth approximately $36,000. Ellevest Inc. raised its stake in shares of Voya Financial by 56.5% during the third quarter. Ellevest Inc. now owns 753 shares of the asset manager’s stock worth $46,000 after buying an additional 272 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its stake in shares of Voya Financial by 22.1% during the first quarter. Industrial Alliance Investment Management Inc. now owns 940 shares of the asset manager’s stock worth $62,000 after buying an additional 170 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its stake in shares of Voya Financial by 36.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,287 shares of the asset manager’s stock worth $79,000 after buying an additional 341 shares during the last quarter.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on Voya Financial from $78.00 to $84.00 in a report on Thursday, February 9th. JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. StockNews.com started coverage on shares of Voya Financial in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Jefferies Financial Group upped their price objective on shares of Voya Financial from $74.00 to $78.00 and gave the company a “hold” rating in a research report on Tuesday, February 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Voya Financial from $89.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday, April 5th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

Insider Activity at Voya Financial

In related news, Director Rodney O. Martin, Jr. sold 70,774 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the completion of the sale, the director now directly owns 228,208 shares in the company, valued at approximately $16,793,826.72. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Rodney O. Martin, Jr. sold 39,724 shares of Voya Financial stock in a transaction on Monday, March 6th. The shares were sold at an average price of $75.24, for a total transaction of $2,988,833.76. Following the completion of the transaction, the director now owns 149,671 shares of the company’s stock, valued at $11,261,246.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rodney O. Martin, Jr. sold 70,774 shares of Voya Financial stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the transaction, the director now directly owns 228,208 shares of the company’s stock, valued at approximately $16,793,826.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,062 shares of company stock worth $8,461,042. Company insiders own 1.44% of the company’s stock.

Voya Financial Stock Up 0.5 %

VOYA stock opened at $70.84 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.64 and a beta of 1.15. The business’s fifty day moving average price is $71.25 and its two-hundred day moving average price is $68.77. Voya Financial, Inc. has a fifty-two week low of $56.20 and a fifty-two week high of $78.11.

Voya Financial (NYSE:VOYA – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.03). The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $288.10 million. Voya Financial had a net margin of 9.58% and a return on equity of 14.77%. During the same quarter last year, the firm posted $1.47 earnings per share. On average, equities analysts anticipate that Voya Financial, Inc. will post 8.14 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Friday, May 26th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, May 25th. Voya Financial’s dividend payout ratio (DPR) is currently 16.70%.

Voya Financial Company Profile

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Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.