GW&K Investment Management LLC Raises Stock Position in Voya Financial, Inc. (NYSE:VOYA)

GW&K Investment Management LLC grew its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,012,964 shares of the asset manager's stock after acquiring an additional 8,024 shares during the period. GW&K Investment Management LLC owned about 1.05% of Voya Financial worth $69,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in Voya Financial in the 4th quarter valued at approximately $41,000. Venturi Wealth Management LLC boosted its stake in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after buying an additional 201 shares in the last quarter. Blue Trust Inc. grew its holdings in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after acquiring an additional 801 shares during the period. Brooklyn Investment Group acquired a new position in Voya Financial during the third quarter worth $79,000. Finally, LRI Investments LLC lifted its holdings in Voya Financial by 780.5% in the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager's stock valued at $85,000 after acquiring an additional 921 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Down 2.7 %

Shares of Voya Financial stock traded down $1.96 during trading hours on Tuesday, reaching $69.69. 1,138,133 shares of the company's stock were exchanged, compared to its average volume of 882,162. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30. The company has a fifty day moving average of $70.53 and a 200-day moving average of $74.61. 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 firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05.

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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 return on equity of 14.10% and a net margin of 8.29%. Sell-side analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Voya Financial's dividend payout ratio (DPR) is 29.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VOYA. Bank of America reaffirmed a "neutral" rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Evercore ISI lowered their target price on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 10th. UBS Group upgraded shares of Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on Voya Financial from $90.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Barclays cut Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Voya Financial has an average rating of "Moderate Buy" and an average price target of $83.55.

About Voya Financial

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.