Wealthspire Advisors LLC Purchases 148 Shares of Voya Financial, Inc. (NYSE:VOYA)

Wealthspire Advisors LLC raised its position in Voya Financial, Inc. (NYSE:VOYA) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,967 shares of the asset manager’s stock after acquiring an additional 148 shares during the quarter. Wealthspire Advisors LLC’s holdings in Voya Financial were worth $204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VOYA. Hennessy Advisors Inc. purchased a new position in Voya Financial during the fourth quarter valued at $47,155,000. FMR LLC raised its stake in shares of Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after buying an additional 592,523 shares during the period. Leeward Investments LLC MA purchased a new position in shares of Voya Financial during the 3rd quarter valued at about $19,269,000. Basswood Capital Management L.L.C. bought a new position in shares of Voya Financial during the 3rd quarter valued at approximately $8,944,000. Finally, Bridgewater Associates LP increased its holdings in Voya Financial by 281.8% in the 3rd quarter. Bridgewater Associates LP now owns 84,315 shares of the asset manager’s stock worth $6,679,000 after acquiring an additional 62,232 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VOYA shares. Piper Sandler dropped their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their target price on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada dropped their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average price target of $82.55.

Voya Financial Stock Performance

VOYA stock opened at $70.50 on Friday. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. 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’s fifty day simple moving average is $70.35 and its two-hundred day simple moving average is $74.40.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. Analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.55%. Voya Financial’s dividend payout ratio is currently 29.41%.

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.