Empowered Funds LLC Purchases 5,712 Shares of Voya Financial, Inc. (NYSE:VOYA)

Empowered Funds LLC grew its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,346 shares of the asset manager's stock after acquiring an additional 5,712 shares during the quarter. Empowered Funds LLC's holdings in Voya Financial were worth $2,295,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after acquiring an additional 592,523 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Voya Financial by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock valued at $212,152,000 after acquiring an additional 38,438 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Voya Financial during the 4th quarter worth approximately $47,155,000. 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 purchasing an additional 34,413 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Voya Financial by 8.2% during the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager's stock worth $21,575,000 after purchasing an additional 20,750 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley lowered their target price on Voya Financial from $78.00 to $76.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Evercore ISI lowered their target price on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Wells Fargo & Company reissued an "equal weight" rating and set a $76.00 target price (down from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lowered their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $82.27.

Voya Financial Stock Up 0.8 %

Shares of NYSE VOYA traded up $0.60 during trading hours on Tuesday, hitting $75.56. The company had a trading volume of 117,541 shares, compared to its average volume of 878,026. The stock has a market capitalization of $7.27 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.46 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The firm's 50 day moving average is $69.86 and its 200-day moving average is $74.15.

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 (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%. On average, analysts expect that Voya Financial, Inc. will post 8.95 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, February 25th. Voya Financial's dividend 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.