Bridgewater Associates LP Has $10.67 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Bridgewater Associates LP increased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 83.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,084 shares of the asset manager’s stock after buying an additional 70,769 shares during the quarter. Bridgewater Associates LP owned about 0.16% of Voya Financial worth $10,674,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC boosted its position in shares of Voya Financial by 5.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after purchasing an additional 169 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Voya Financial by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Voya Financial by 13.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after buying an additional 184 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 2.0 %

Voya Financial stock opened at $56.54 on Thursday. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The firm has a 50 day moving average price of $67.15 and a two-hundred day moving average price of $72.68.

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%. Equities analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

Analysts Set New Price Targets

VOYA has been the subject of a number of research reports. Bank of America reissued an “underperform” rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Piper Sandler cut their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods lowered their price target on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. UBS Group cut their price objective on Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays dropped their target price on Voya Financial from $75.00 to $66.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Voya Financial has a consensus rating of “Hold” and an average price target of $80.92.

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.