Parkside Financial Bank & Trust Acquires 184 Shares of Voya Financial, Inc. (NYSE:VOYA)

Parkside Financial Bank & Trust boosted its position in Voya Financial, Inc. (NYSE:VOYA) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,532 shares of the asset manager’s stock after purchasing an additional 184 shares during the period. Parkside Financial Bank & Trust’s holdings in Voya Financial were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC grew its holdings in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares during the last quarter. Brooklyn Investment Group purchased a new position in Voya Financial in the third quarter worth $79,000. LRI Investments LLC lifted its stake in shares of Voya Financial by 780.5% during the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after buying an additional 921 shares during the period. Finally, Wealthspire Advisors LLC lifted its stake in shares of Voya Financial by 5.3% during the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after buying an additional 148 shares during the period. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 2.6 %

VOYA opened at $72.32 on Monday. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The business has a fifty day moving average price of $70.45 and a 200 day moving average price of $74.57.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Sell-side analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $76.00 to $87.00 in a research note on Friday. Royal Bank of Canada decreased their price objective on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Bank of America reaffirmed a “neutral” rating and set a $83.00 price objective (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods reduced their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Evercore ISI reduced their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.55.

Voya Financial Company 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.