Franklin Resources Inc. decreased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,488,519 shares of the asset manager's stock after selling 264,593 shares during the period. Franklin Resources Inc. owned approximately 5.70% of Voya Financial worth $377,775,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of VOYA. Bank of New York Mellon Corp grew its holdings in Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after acquiring an additional 876,399 shares during the period. Impax Asset Management Group plc boosted its position in shares of Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. FMR LLC grew its stake in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after purchasing an additional 592,523 shares during the period. Norges Bank purchased a new position in shares of Voya Financial in the 4th quarter valued at about $96,508,000. Finally, GW&K Investment Management LLC increased its holdings in shares of Voya Financial by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager's stock valued at $69,722,000 after purchasing an additional 8,024 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on VOYA shares. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. Evercore ISI decreased their price target on Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday. Bank of America reaffirmed an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Finally, Royal Bank of Canada lowered their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $82.83.
Read Our Latest Report on VOYA
Voya Financial Price Performance
Shares of NYSE:VOYA traded down $6.58 on Thursday, hitting $62.43. The company had a trading volume of 1,670,395 shares, compared to its average volume of 839,962. The company has a market cap of $5.96 billion, a PE ratio of 10.20, a PEG ratio of 0.48 and a beta of 1.03. The business has a 50 day moving average of $70.37 and a 200 day moving average of $74.31. Voya Financial, Inc. has a 52-week low of $62.42 and a 52-week 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.
Voya Financial (NYSE:VOYA - Get Free Report) last released 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 return on equity of 14.10% and a net margin of 8.29%. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were paid a $0.45 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.88%. Voya Financial's payout ratio is currently 29.41%.
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.
See Also
Before you consider Voya Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Voya Financial wasn't on the list.
While Voya Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
