24,800 Shares in Voya Financial, Inc. (NYSE:VOYA) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 24,800 shares of the asset manager's stock, valued at approximately $1,707,000.

A number of other institutional investors have also modified their holdings of VOYA. Jones Financial Companies Lllp lifted its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. increased its stake in 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 purchasing an additional 327 shares in the last quarter. R Squared Ltd acquired a new position in Voya Financial during the fourth quarter worth $41,000. Venturi Wealth Management LLC boosted its position in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings 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. Institutional investors and hedge funds own 96.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VOYA. JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Barclays dropped their price objective on shares of Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. 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 report on Wednesday, April 2nd. 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 report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their price objective on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of "Hold" and an average price target of $80.92.

Voya Financial Trading Down 0.4 %

VOYA stock traded down $0.26 on Tuesday, hitting $59.47. 58,191 shares of the company were exchanged, compared to its average volume of 855,993. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The business's fifty day moving average is $64.49 and its two-hundred day moving average is $71.39.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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, research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Tuesday, February 25th. Voya Financial's payout ratio is 29.41%.

Voya Financial Company 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.