DRW Securities LLC Purchases Shares of 12,275 Voya Financial, Inc. (NYSE:VOYA)

DRW Securities LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, HoldingsChannel reports. The fund purchased 12,275 shares of the asset manager’s stock, valued at approximately $873,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Voya Financial by 6.2% during the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after buying an additional 644,216 shares in the last quarter. Boston Partners boosted its position in shares of Voya Financial by 83.8% during the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock valued at $186,310,000 after acquiring an additional 1,151,822 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Voya Financial by 1,020.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after purchasing an additional 2,156,773 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after purchasing an additional 248,795 shares during the last quarter. Finally, Norges Bank purchased a new stake in Voya Financial in the fourth quarter valued at approximately $80,749,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $76.62 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $78.12. The business’s 50 day simple moving average is $70.58 and its two-hundred day simple moving average is $71.34. The stock has a market capitalization of $7.72 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03.

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

Voya Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of research reports. Evercore ISI boosted their price target on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Bank of America increased their target price on Voya Financial from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $83.00 price objective on shares of Voya Financial in a research report on Wednesday, August 7th. Finally, Citigroup boosted their target price on Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.64.

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.