Four Tree Island Advisory LLC Purchases New Shares in Voya Financial, Inc. (NYSE:VOYA)

Four Tree Island Advisory LLC bought a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 61,639 shares of the asset manager's stock, valued at approximately $4,243,000. Voya Financial comprises about 2.9% of Four Tree Island Advisory LLC's investment portfolio, making the stock its 9th largest holding. Four Tree Island Advisory LLC owned about 0.06% of Voya Financial at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VOYA. Hennessy Advisors Inc. bought a new stake in Voya Financial during the 4th quarter valued at approximately $47,155,000. FMR LLC boosted its stake in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after purchasing an additional 592,523 shares during the period. Leeward Investments LLC MA bought a new stake in Voya Financial during the 3rd quarter valued at approximately $19,269,000. Basswood Capital Management L.L.C. bought a new stake in Voya Financial during the 3rd quarter valued at approximately $8,944,000. Finally, Bridgewater Associates LP boosted its stake in Voya Financial by 281.8% during the 3rd quarter. Bridgewater Associates LP now owns 84,315 shares of the asset manager's stock valued at $6,679,000 after purchasing an additional 62,232 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company restated an "equal weight" rating and set a $76.00 target price (down previously from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. Barclays downgraded Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. UBS Group upgraded Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Morgan Stanley reduced their price objective on Voya Financial from $78.00 to $76.00 and set an "equal weight" rating for the company in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.27.

Voya Financial Price Performance

Shares of VOYA traded up $0.88 during mid-day trading on Thursday, reaching $74.29. The company had a trading volume of 686,067 shares, compared to its average volume of 898,626. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The company's 50-day moving average is $70.07 and its 200-day moving average is $74.10. The company has a market capitalization of $7.15 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.46 and a beta of 1.05.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, equities analysts anticipate that Voya Financial, Inc. will post 8.95 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.42%. Voya Financial's dividend payout ratio is 29.41%.

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.