Bryce Point Capital LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,273 shares of the asset manager's stock, valued at approximately $501,000.
Several other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Voya Financial by 207.0% in 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 bought a new position in shares of Voya Financial in the 4th quarter worth $41,000. Venturi Wealth Management LLC lifted its stake in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the last quarter. Finally, Brooklyn Investment Group grew 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 purchasing an additional 169 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.
Voya Financial Price Performance
VOYA traded up $6.42 on Wednesday, reaching $60.69. The company had a trading volume of 1,811,492 shares, compared to its average volume of 853,623. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5.80 billion, a P/E ratio of 9.92, a PEG ratio of 0.48 and a beta of 0.93. The company has a fifty day moving average of $68.51 and a 200-day moving average of $73.39.
Voya Financial (NYSE:VOYA - Get Free Report) last issued 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 net margin of 8.29% and a return on equity of 14.10%. As a group, equities research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current 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 issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, February 25th. Voya Financial's payout ratio is presently 29.41%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on VOYA shares. Piper Sandler reduced their price target on Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company increased their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Bank of America reissued an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays cut shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods cut their target price on Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Voya Financial has a consensus rating of "Hold" and an average target price of $82.50.
Check Out Our Latest Report on Voya Financial
Voya Financial Profile
(
Free Report)
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.
Further Reading
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