Oak Thistle LLC Invests $301,000 in Voya Financial, Inc. (NYSE:VOYA)

Oak Thistle LLC acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,367 shares of the asset manager's stock, valued at approximately $301,000.

Several other large investors also recently modified their holdings of VOYA. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial during the 3rd quarter valued at $29,000. UMB Bank n.a. increased its stake in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after purchasing an additional 239 shares in the last quarter. Quarry LP acquired a new position in shares of Voya Financial during the second quarter valued at about $61,000. Blue Trust Inc. boosted its position in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after purchasing an additional 801 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Voya Financial in the 3rd quarter valued at about $79,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VOYA has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their target price on Voya Financial from $92.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Royal Bank of Canada decreased their price target 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. Bank of America reaffirmed a "neutral" rating and issued a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $76.00 target price (down from $87.00) on shares of Voya Financial in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.73.

Voya Financial Price Performance

Shares of VOYA traded down $0.06 during midday trading on Friday, reaching $69.75. The stock had a trading volume of 602,196 shares, compared to its average volume of 652,332. 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 company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05. The company's 50-day moving average is $74.21 and its 200 day moving average is $74.19. 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 posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts predict that Voya Financial, Inc. will post 7.62 EPS for the current fiscal 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Tuesday, November 26th. Voya Financial's payout ratio is 28.66%.

Insider Activity

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.37% of the company's stock.

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.