F M Investments LLC Takes $329,000 Position in Voya Financial, Inc. (NYSE:VOYA)

F M Investments LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,784 shares of the asset manager's stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd purchased a new position in Voya Financial during the fourth quarter valued at $41,000. Venturi Wealth Management LLC boosted its holdings in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after buying an additional 201 shares in the last quarter. Finally, 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 worth $80,000 after acquiring an additional 169 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Voya Financial stock traded up $0.27 during midday trading on Friday, hitting $56.74. The stock had a trading volume of 449,539 shares, compared to its average volume of 856,505. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The company has a market capitalization of $5.46 billion, a PE ratio of 9.27, a P/E/G ratio of 0.48 and a beta of 0.93. The firm's fifty day moving average is $66.84 and its two-hundred day moving average is $72.53. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 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%. On average, research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were paid a $0.45 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 3.17%. Voya Financial's payout ratio is 29.41%.

Analyst Ratings Changes

A number of equities analysts have weighed in on VOYA shares. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. UBS Group reduced their price target on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Royal Bank of Canada dropped their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.