Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its stake in Voya Financial, Inc. (NYSE:VOYA) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,787 shares of the asset manager’s stock after buying an additional 704 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Voya Financial were worth $855,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Voya Financial during the third quarter valued at $29,000. UMB Bank n.a. grew its position in shares of Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares during the period. FinTrust Capital Advisors LLC acquired a new position in Voya Financial in the 1st quarter worth about $43,000. Quarry LP purchased a new position in Voya Financial during the second quarter worth approximately $61,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Voya Financial by 6,850.0% in the first 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 period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.4 %

Shares of NYSE VOYA opened at $79.97 on Monday. The company has a market capitalization of $7.86 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The company has a 50 day simple moving average of $77.10 and a 200-day simple moving average of $73.30. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $83.93.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 23.72%.

Analysts Set New Price Targets

A number of research firms recently issued reports on VOYA. Royal Bank of Canada lifted their price target on shares of Voya Financial from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Jefferies Financial Group boosted their target price on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Morgan Stanley decreased their price target 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. Bank of America increased their target price on Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler lifted their price target on Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.27.

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.