Ensign Peak Advisors Inc Sells 2,300 Shares of Voya Financial, Inc. (NYSE:VOYA)

Ensign Peak Advisors Inc trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,042 shares of the asset manager’s stock after selling 2,300 shares during the period. Ensign Peak Advisors Inc’s holdings in Voya Financial were worth $2,351,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VOYA. Hsbc Holdings PLC grew its holdings in Voya Financial by 74.6% during the 4th quarter. Hsbc Holdings PLC now owns 165,902 shares of the asset manager’s stock valued at $12,104,000 after purchasing an additional 70,877 shares during the last quarter. Stifel Financial Corp grew its holdings in Voya Financial by 7.5% during the 4th quarter. Stifel Financial Corp now owns 63,950 shares of the asset manager’s stock valued at $4,666,000 after purchasing an additional 4,450 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Voya Financial by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 44,817 shares of the asset manager’s stock valued at $3,270,000 after purchasing an additional 426 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Voya Financial during the 4th quarter valued at about $293,000. Finally, Crestline Management LP bought a new position in Voya Financial during the 4th quarter valued at about $1,554,000. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Price Performance

NYSE VOYA opened at $78.49 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50 day moving average price is $71.15 and its 200-day moving average price is $71.63. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $79.69. The company has a market cap of $7.72 billion, a PE ratio of 11.15, a P/E/G ratio of 0.57 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the firm earned $2.31 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Voya Financial, Inc. will post 8.45 EPS for the current fiscal year.

Voya Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, August 27th were given a dividend of $0.45 per share. This is a boost from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, August 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.29%. Voya Financial’s dividend payout ratio is presently 25.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VOYA. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Voya Financial in a research note on Monday, September 23rd. Wells Fargo & Company dropped their target price on shares of Voya Financial from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Citigroup upped their target price on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Morgan Stanley dropped their target price on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Finally, Bank of America upped their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and an average target price of $83.45.

About Voya Financial

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.