20,031 Shares in Voya Financial, Inc. (NYSE:VOYA) Acquired by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,031 shares of the asset manager's stock, valued at approximately $1,379,000.

Several other large investors have also made changes to their positions in VOYA. Retirement Systems of Alabama boosted its position in shares of Voya Financial by 8.2% during the third quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager's stock worth $21,575,000 after acquiring an additional 20,750 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Voya Financial in the 3rd quarter worth $209,000. Coldstream Capital Management Inc. boosted its holdings in shares of Voya Financial by 8.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager's stock valued at $285,000 after purchasing an additional 270 shares during the last quarter. Barclays PLC grew its position in shares of Voya Financial by 48.2% during the third quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock valued at $3,872,000 after purchasing an additional 15,902 shares in the last quarter. Finally, LRI Investments LLC increased its holdings in shares of Voya Financial by 780.5% in the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager's stock worth $85,000 after purchasing an additional 921 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Trading Up 1.3 %

Shares of VOYA traded up $0.89 during trading hours on Wednesday, reaching $69.17. 575,018 shares of the company traded hands, compared to its average volume of 600,913. The stock's fifty day moving average price is $74.94 and its 200 day moving average price is $74.26. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.54 and a beta of 1.05. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 EPS. Sell-side analysts forecast that Voya Financial, Inc. will post 8.09 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.60%. Voya Financial's payout ratio is currently 28.66%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VOYA. Piper Sandler dropped their price target 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. Wells Fargo & Company reissued an "equal weight" rating and issued a $76.00 target price (down from $87.00) on shares of Voya Financial in a report on Tuesday. Bank of America restated a "neutral" rating and issued a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on shares of Voya Financial from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. Finally, Evercore ISI lowered their price target on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.73.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

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.