Integrated Quantitative Investments LLC Invests $379,000 in Voya Financial, Inc. (NYSE:VOYA)

Integrated Quantitative Investments LLC purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,500 shares of the asset manager's stock, valued at approximately $379,000.

Several other hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Voya Financial by 15.7% in 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 last quarter. Impax Asset Management Group plc lifted its holdings 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 valued at $199,062,000 after buying an additional 2,131,578 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Voya Financial by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock valued at $116,058,000 after buying an additional 23,818 shares in the last quarter. Norges Bank acquired a new position in Voya Financial in the fourth quarter worth approximately $96,508,000. Finally, GW&K Investment Management LLC lifted its stake in Voya Financial by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager's stock valued at $69,722,000 after acquiring an additional 8,024 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on VOYA shares. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $76.00 to $87.00 in a report on Friday, February 28th. Piper Sandler lowered their target price on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Royal Bank of Canada dropped their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, UBS Group cut their price objective on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Voya Financial presently has an average rating of "Hold" and an average price target of $82.50.

Voya Financial Stock Performance

NYSE:VOYA traded down $5.17 during mid-day trading on Thursday, hitting $55.37. The stock had a trading volume of 449,661 shares, compared to its average volume of 1,015,704. The company's 50 day simple moving average is $68.51 and its 200 day simple moving average is $73.39. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 0.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its 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%. On average, equities research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 3.25%. Voya Financial's dividend payout ratio (DPR) is presently 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.