3,075 Shares in Voya Financial, Inc. (NYSE:VOYA) Acquired by Quantessence Capital LLC

Quantessence Capital LLC bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,075 shares of the asset manager’s stock, valued at approximately $212,000.

Several other institutional investors have also added to or reduced their stakes in VOYA. Wealthspire Advisors LLC increased its stake in shares of Voya Financial by 5.3% in the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group increased its position in Voya Financial by 17.0% in the fourth 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. CIBC Asset Management Inc increased its position in Voya Financial by 5.7% in the fourth 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 raised 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 buying an additional 183 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Voya Financial by 13.6% during the 4th 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. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the subject of a number of recent analyst reports. Bank of America reiterated an “underperform” rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company cut their target price on Voya Financial from $79.00 to $69.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Finally, UBS Group cut their target price on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $80.92.

Voya Financial Stock Up 0.3 %

Shares of VOYA opened at $57.48 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $65.44 and a 200 day moving average of $71.91. The company has a market cap of $5.53 billion, a PE ratio of 9.39, a P/E/G ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30.

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

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 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.