New Age Alpha Advisors LLC Invests $153,000 in Voya Financial, Inc. (NYSE:VOYA)

New Age Alpha Advisors LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,228 shares of the asset manager’s stock, valued at approximately $153,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Voya Financial in the 4th quarter valued at about $96,508,000. Easterly Investment Partners LLC grew its stake in Voya Financial by 29.8% in the fourth quarter. Easterly Investment Partners LLC now owns 110,202 shares of the asset manager’s stock valued at $7,585,000 after purchasing an additional 25,327 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Voya Financial by 13.9% during the 4th quarter. JPMorgan Chase & Co. now owns 249,935 shares of the asset manager’s stock worth $17,203,000 after purchasing an additional 30,419 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Voya Financial during the 4th quarter worth approximately $5,404,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Voya Financial in the 4th quarter valued at approximately $110,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VOYA shares. Morgan Stanley raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. Piper Sandler cut their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their price target on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. UBS Group dropped their price objective on Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.83.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $69.06 on Thursday. The company has a 50-day simple moving average of $70.37 and a two-hundred day simple moving average of $74.31. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results 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 net margin of 8.29% and a return on equity of 14.10%. Analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

About Voya Financial

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.