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

Fmr LLC raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,185,726 shares of the asset manager’s stock after purchasing an additional 301,682 shares during the period. Fmr LLC owned 3.31% of Voya Financial worth $219,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd bought a new position in Voya Financial in the 4th quarter valued at about $41,000. Venturi Wealth Management LLC increased its stake in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the period. Finally, Brooklyn Investment Group raised its position in shares of Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after buying an additional 169 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. 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 report on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price target on Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays dropped their price objective on Voya Financial from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday. Piper Sandler decreased their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.92.

Voya Financial Price Performance

NYSE VOYA opened at $56.50 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a market cap of $5.40 billion, a PE ratio of 9.23, a PEG ratio of 0.48 and a beta of 0.93. The stock’s 50-day moving average price is $68.02 and its two-hundred day moving average price is $73.08.

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

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were issued a $0.45 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.19%. Voya Financial’s payout ratio is currently 29.41%.

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.