Truist Financial Corp Has $6.15 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Truist Financial Corp lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,232 shares of the asset manager’s stock after selling 2,794 shares during the quarter. Truist Financial Corp owned about 0.08% of Voya Financial worth $6,146,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of Voya Financial by 8.6% in the 3rd quarter. Xponance Inc. now owns 12,983 shares of the asset manager’s stock valued at $863,000 after purchasing an additional 1,028 shares during the last quarter. Raymond James & Associates raised its position in shares of Voya Financial by 4.4% during the 3rd quarter. Raymond James & Associates now owns 97,454 shares of the asset manager’s stock valued at $6,476,000 after acquiring an additional 4,117 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Voya Financial by 2.1% in the 3rd quarter. Brown Advisory Inc. now owns 38,705 shares of the asset manager’s stock valued at $2,572,000 after purchasing an additional 795 shares during the period. New York State Teachers Retirement System grew its stake in shares of Voya Financial by 3.0% during the third quarter. New York State Teachers Retirement System now owns 37,306 shares of the asset manager’s stock worth $2,479,000 after purchasing an additional 1,078 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Voya Financial by 6.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,682 shares of the asset manager’s stock valued at $1,972,000 after purchasing an additional 1,865 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VOYA. Morgan Stanley decreased their target price on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Evercore ISI boosted their price target on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Royal Bank of Canada dropped their price objective on Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company increased their price target on Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $82.00 price objective on shares of Voya Financial in a report on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.33.

Voya Financial Stock Performance

Shares of VOYA opened at $70.75 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $77.00. The firm has a fifty day simple moving average of $69.80 and a 200 day simple moving average of $70.40. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.52 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the company earned $1.69 EPS. Voya Financial’s revenue for the quarter was up 11.8% compared to the same quarter last year. Research analysts forecast that Voya Financial, Inc. will post 8.44 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Friday, May 24th. Voya Financial’s payout ratio is presently 22.73%.

Voya Financial Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.