National Bank of Canada FI Acquires Shares of 70,300 Voya Financial, Inc. (NYSE:VOYA)

National Bank of Canada FI acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 70,300 shares of the asset manager's stock, valued at approximately $4,839,000. National Bank of Canada FI owned 0.07% of Voya Financial at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its position in shares of Voya Financial by 28.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 19,670 shares of the asset manager's stock worth $1,558,000 after purchasing an additional 4,347 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Voya Financial during the 3rd quarter worth approximately $1,158,000. Quantinno Capital Management LP boosted its position in Voya Financial by 79.0% in the 3rd quarter. Quantinno Capital Management LP now owns 15,558 shares of the asset manager's stock valued at $1,233,000 after buying an additional 6,866 shares during the period. Weiss Asset Management LP acquired a new position in shares of Voya Financial in the third quarter worth $919,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Voya Financial during the third quarter worth $325,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of VOYA traded up $0.51 during midday trading on Friday, reaching $56.50. 849,375 shares of the stock were exchanged, compared to its average volume of 856,561. Voya Financial, Inc. has a twelve month low of $52.43 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 has a market capitalization of $5.40 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.48 and a beta of 0.93. The business's 50-day moving average price is $68.02 and its 200 day moving average price is $73.08.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results 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 return on equity of 14.10% and a net margin of 8.29%. On average, sell-side analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 3.19%. Voya Financial's dividend payout ratio (DPR) is 29.41%.

Wall Street Analyst Weigh In

VOYA has been the subject of several analyst reports. Barclays lowered their target price on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research note on Friday. Piper Sandler cut their target price on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $80.92.

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.