Amundi Raises Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Amundi lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 237,070 shares of the asset manager's stock after buying an additional 38,169 shares during the quarter. Amundi owned about 0.25% of Voya Financial worth $16,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Impax Asset Management Group plc lifted its holdings in shares of Voya Financial by 277.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Voya Financial by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after acquiring an additional 876,399 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Voya Financial in the 4th quarter worth about $47,155,000. FMR LLC boosted its stake in shares of Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after buying an additional 592,523 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Voya Financial in the fourth quarter valued at approximately $8,018,000. Institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

VOYA has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target on Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, December 10th. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Bank of America restated a "neutral" rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price target on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Voya Financial from $76.00 to $79.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.55.

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Voya Financial Price Performance

VOYA stock traded up $1.74 during midday trading on Friday, reaching $66.84. The company had a trading volume of 941,873 shares, compared to its average volume of 814,477. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The firm has a 50-day moving average price of $70.49 and a 200-day moving average price of $74.55. The company has a market capitalization of $6.39 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA - Get Free Report) last posted 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, research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. Voya Financial's dividend payout ratio (DPR) is currently 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.