Amalgamated Bank Has $5.13 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Amalgamated Bank trimmed its position in Voya Financial, Inc. (NYSE:VOYAFree Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,349 shares of the asset manager’s stock after selling 2,717 shares during the quarter. Amalgamated Bank owned about 0.07% of Voya Financial worth $5,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Voya Financial by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock valued at $695,436,000 after purchasing an additional 752,851 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Voya Financial by 2.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock valued at $115,621,000 after purchasing an additional 40,000 shares during the last quarter. Norges Bank acquired a new position in Voya Financial during the 4th quarter valued at $80,749,000. Charles Schwab Investment Management Inc. raised its stake in Voya Financial by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 681,329 shares of the asset manager’s stock valued at $49,710,000 after purchasing an additional 18,316 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in Voya Financial by 1,722.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager’s stock valued at $40,718,000 after purchasing an additional 579,128 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Price Performance

Shares of VOYA traded up $0.28 during trading hours on Tuesday, hitting $74.41. The stock had a trading volume of 547,640 shares, compared to its average volume of 866,752. The company’s fifty day moving average is $71.19 and its two-hundred day moving average is $71.01. 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 52 week low of $63.02 and a 52 week high of $77.00. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.53 and a beta of 1.06.

Voya Financial (NYSE:VOYAGet Free Report) last posted its earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.30. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts anticipate that Voya Financial, Inc. will post 8.53 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Friday, May 24th. Voya Financial’s dividend payout ratio is presently 22.73%.

Analysts Set New Price Targets

VOYA has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Piper Sandler boosted their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, April 5th. 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. Morgan Stanley lowered their price target on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Finally, Royal Bank of Canada lowered their price target on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.44.

View Our Latest Analysis on VOYA

Voya Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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