Proficio Capital Partners LLC Buys New Stake in Voya Financial, Inc. (NYSE:VOYA)

Proficio Capital Partners LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 55,298 shares of the asset manager's stock, valued at approximately $3,806,000. Proficio Capital Partners LLC owned about 0.06% of Voya Financial as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Impax Asset Management Group plc grew its position in Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after acquiring an additional 2,131,578 shares during the period. Bank of New York Mellon Corp grew its position in Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after acquiring an additional 876,399 shares during the period. Hennessy Advisors Inc. purchased a new stake in Voya Financial during the fourth quarter valued at about $47,155,000. FMR LLC grew its position in Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after acquiring an additional 592,523 shares during the period. Finally, Leeward Investments LLC MA purchased a new stake in Voya Financial during the third quarter valued at about $19,269,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Up 1.1 %

NYSE VOYA traded up $0.76 on Friday, hitting $70.36. 871,439 shares of the stock traded hands, compared to its average volume of 891,219. The stock has a 50-day moving average of $70.61 and a 200 day moving average of $74.56. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The company has a market capitalization of $6.72 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

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Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (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%. As a group, analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, February 25th. Voya Financial's payout ratio is currently 29.41%.

Analysts Set New Price Targets

VOYA has been the subject of a number of research reports. Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $76.00 to $87.00 in a research report on Friday, February 28th. UBS Group raised Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Piper Sandler decreased their target price on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research report on Wednesday, December 18th. Finally, Evercore ISI decreased their target price on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.55.

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.