Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 89.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,802 shares of the asset manager’s stock after acquiring an additional 3,212 shares during the quarter. Cerity Partners LLC’s holdings in Voya Financial were worth $496,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of Voya Financial by 12.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 196 shares during the last quarter. Securian Asset Management Inc. lifted its holdings in shares of Voya Financial by 2.6% in the 3rd quarter. Securian Asset Management Inc. now owns 8,959 shares of the asset manager’s stock valued at $595,000 after purchasing an additional 225 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Voya Financial by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 44,391 shares of the asset manager’s stock valued at $2,950,000 after purchasing an additional 225 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its holdings in shares of Voya Financial by 1.7% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,529 shares of the asset manager’s stock valued at $899,000 after purchasing an additional 230 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Voya Financial by 1.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 24,301 shares of the asset manager’s stock valued at $1,615,000 after purchasing an additional 280 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VOYA shares. StockNews.com raised Voya Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Evercore ISI upped their price objective on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Royal Bank of Canada reduced their price objective on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Morgan Stanley reduced their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Finally, Piper Sandler upped their price objective on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Voya Financial Stock Performance

Shares of VOYA stock opened at $69.58 on Thursday. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.46 and a beta of 1.06. The stock has a 50 day simple moving average of $69.73 and a 200-day simple moving average of $70.30. Voya Financial, Inc. has a 12-month low of $63.02 and a 12-month high of $77.28. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.55.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $304.66 million. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. On average, equities analysts forecast that Voya Financial, Inc. will post 8.42 EPS for the current year.

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.