Illinois Municipal Retirement Fund increased its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 21.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,073 shares of the asset manager's stock after purchasing an additional 8,013 shares during the period. Illinois Municipal Retirement Fund's holdings in Voya Financial were worth $3,171,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in VOYA. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in Voya Financial by 420.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock valued at $4,812,000 after buying an additional 52,032 shares during the last quarter. KBC Group NV raised its position in Voya Financial by 260.5% in the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock valued at $646,000 after purchasing an additional 6,781 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Voya Financial during the 4th quarter worth $47,155,000. Barclays PLC grew its position in Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after purchasing an additional 15,902 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in Voya Financial during the 4th quarter worth $1,379,000. 96.10% of the stock is owned by institutional investors and hedge funds.
Voya Financial Price Performance
Shares of NYSE VOYA traded up $1.82 during trading on Friday, hitting $72.32. 1,083,039 shares of the company were exchanged, compared to its average volume of 885,188. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.48 and a beta of 1.05. The firm's fifty day moving average price is $70.45 and its 200 day moving average price is $74.52.
Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, sell-side analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.
Voya Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial's payout ratio is currently 29.41%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on VOYA shares. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $76.00 to $87.00 in a research note on Friday. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on Voya Financial from $76.00 to $79.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Piper Sandler decreased their price target on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a report on Wednesday, December 18th. Finally, Barclays lowered shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research 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 assigned a strong buy rating to the stock. According to MarketBeat, Voya Financial has a consensus rating of "Moderate Buy" and an average price target of $83.55.
View Our Latest Stock Report on VOYA
About Voya Financial
(
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.
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