XTX Topco Ltd Acquires 6,043 Shares of Voya Financial, Inc. (NYSE:VOYA)

XTX Topco Ltd lifted its stake in Voya Financial, Inc. (NYSE:VOYA) by 100.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,075 shares of the asset manager’s stock after purchasing an additional 6,043 shares during the quarter. XTX Topco Ltd’s holdings in Voya Financial were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in VOYA. SYSTM Wealth Solutions LLC boosted its holdings in Voya Financial by 56.2% in the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after acquiring an additional 149 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Voya Financial in the 1st quarter worth about $43,000. Allspring Global Investments Holdings LLC grew its position in Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 822 shares during the last quarter. Mather Group LLC. bought a new stake in Voya Financial during the 1st quarter valued at about $85,000. Finally, GAMMA Investing LLC raised its holdings in Voya Financial by 70.9% in the second quarter. GAMMA Investing LLC now owns 1,297 shares of the asset manager’s stock worth $92,000 after buying an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 1.6 %

Shares of VOYA stock opened at $76.62 on Friday. The company has a 50 day simple moving average of $70.58 and a two-hundred day simple moving average of $71.31. The stock has a market cap of $7.72 billion, a P/E ratio of 10.88, a P/E/G ratio of 0.56 and a beta of 1.03. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $78.12. 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 (NYSE:VOYA) last announced its earnings results on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $2.31 EPS. Voya Financial’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, research analysts expect that Voya Financial, Inc. will post 8.45 earnings per share for the current year.

Voya Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.80 annualized dividend and a yield of 2.35%. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. Voya Financial’s payout ratio is currently 25.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Jefferies Financial Group lifted their target price on Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Evercore ISI lifted their price objective on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Morgan Stanley lowered 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. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.64.

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.