Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP increased its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,084 shares of the asset manager's stock after acquiring an additional 70,769 shares during the period. Bridgewater Associates LP owned about 0.16% of Voya Financial worth $10,674,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after acquiring an additional 327 shares during the period. R Squared Ltd acquired a new stake in Voya Financial during the fourth quarter worth about $41,000. Venturi Wealth Management LLC boosted its holdings in shares of Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after buying an additional 169 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VOYA shares. 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 report on Friday, February 28th. Royal Bank of Canada dropped their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. UBS Group lowered their target price on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Bank of America reissued an "underperform" rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Voya Financial presently has a consensus rating of "Hold" and a consensus price target of $80.92.

Voya Financial Trading Up 2.5 %

Shares of NYSE VOYA traded up $1.38 during trading hours on Tuesday, hitting $56.37. 39,012 shares of the company traded hands, compared to its average volume of 853,928. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company's 50 day moving average price is $66.13 and its 200 day moving average price is $72.11. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. On average, equities research analysts anticipate 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 was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.19%. Voya Financial's payout ratio is 29.41%.

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.