C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases 52,032 Shares of Voya Financial, Inc. (NYSE:VOYA)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 420.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,398 shares of the asset manager's stock after purchasing an additional 52,032 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 0.07% of Voya Financial worth $4,812,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hennessy Advisors Inc. bought a new position in Voya Financial during the fourth quarter worth about $47,155,000. FMR LLC boosted its stake in shares of Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after buying an additional 592,523 shares during the period. Leeward Investments LLC MA bought a new position in Voya Financial in the 3rd quarter valued at about $19,269,000. Basswood Capital Management L.L.C. acquired a new position in shares of Voya Financial during the 3rd quarter worth $8,944,000. Finally, Bridgewater Associates LP lifted its holdings in shares of Voya Financial by 281.8% in the third quarter. Bridgewater Associates LP now owns 84,315 shares of the asset manager's stock worth $6,679,000 after acquiring an additional 62,232 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Trading Up 1.0 %

Shares of VOYA stock traded up $0.76 during trading hours on Friday, hitting $74.98. 1,060,479 shares of the company were exchanged, compared to its average volume of 914,950. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The company has a 50 day simple moving average of $69.95 and a two-hundred day simple moving average of $74.11. The firm has a market cap of $7.21 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.46 and a beta of 1.05.

Voya Financial (NYSE:VOYA - Get Free Report) last announced 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%. Equities analysts anticipate that Voya Financial, Inc. will post 8.95 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed 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 2.40%. Voya Financial's dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. dropped their target price 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. Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Evercore ISI dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, December 10th. Royal Bank of Canada reduced their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $76.00 target price (down from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.27.

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.