73,795 Shares in Voya Financial, Inc. $VOYA Purchased by Van ECK Associates Corp

Van ECK Associates Corp purchased a new stake in Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 73,795 shares of the asset manager’s stock, valued at approximately $6,681,000.

Several other institutional investors also recently modified their holdings of the stock. Allworth Financial LP lifted its position in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Root Financial Partners LLC grew its stake in Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after buying an additional 214 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Voya Financial by 56.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock worth $46,000 after buying an additional 222 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after buying an additional 223 shares during the last quarter. Finally, &PARTNERS raised its position in shares of Voya Financial by 3.3% during the 4th quarter. &PARTNERS now owns 6,946 shares of the asset manager’s stock valued at $517,000 after buying an additional 225 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider owned 2,887 shares in the company, valued at approximately $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VOYA. Evercore reiterated an “outperform” rating and issued a $111.00 target price on shares of Voya Financial in a research report on Friday, August 7th. Weiss Ratings lowered Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company upped their price objective on Voya Financial from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 19th. Atlantic Securities set a $79.00 price objective on Voya Financial in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group raised their price objective on Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.85.

Voya Financial Stock Up 1.3%

Shares of NYSE:VOYA opened at $102.40 on Thursday. The stock has a market capitalization of $9.28 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90. The stock’s 50-day moving average price is $98.37 and its 200-day moving average price is $84.26. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $103.85.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. The company’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Voya Financial, Inc. will post 9.25 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s dividend payout ratio is 31.70%.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.