Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,472,277 shares of the asset manager's stock after purchasing an additional 876,399 shares during the period. Bank of New York Mellon Corp owned about 6.73% of Voya Financial worth $445,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Impax Asset Management Group plc increased its stake in Voya Financial by 277.8% during 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 buying an additional 2,131,578 shares in the last quarter. FMR LLC increased 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 worth $228,474,000 after buying an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock worth $212,152,000 after buying an additional 38,438 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Voya Financial during the 4th quarter worth approximately $47,155,000. Finally, Victory Capital Management Inc. increased its stake in Voya Financial by 12.2% during the 3rd quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager's stock worth $25,069,000 after buying an additional 34,413 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

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Voya Financial Trading Up 2.6 %

VOYA traded up $1.82 during trading hours on Friday, reaching $72.32. The company's stock had a trading volume of 1,083,039 shares, compared to its average volume of 885,188. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The stock has a market cap of $6.91 billion, a PE ratio of 11.82, a P/E/G ratio of 0.48 and a beta of 1.05. The business's 50-day moving average is $70.35 and its 200-day moving average is $74.40. 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 released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts' consensus estimates 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, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, February 25th. Voya Financial's dividend payout ratio (DPR) is 29.41%.

Analysts Set New Price Targets

VOYA has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company upped their price target on Voya Financial from $76.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. UBS Group upgraded Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Evercore ISI dropped their price target 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. Finally, Barclays lowered Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of "Moderate Buy" and an average price target of $83.55.

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.