Invesco Ltd. Raises Position in Voya Financial, Inc. (NYSE:VOYA)

Invesco Ltd. raised its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 415,380 shares of the asset manager's stock after purchasing an additional 30,357 shares during the quarter. Invesco Ltd. owned 0.43% of Voya Financial worth $28,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VOYA. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after acquiring an additional 327 shares during the last quarter. R Squared Ltd bought a new stake in shares of Voya Financial during the 4th quarter valued at $41,000. Venturi Wealth Management LLC raised its holdings in Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the period. Finally, Brooklyn Investment Group lifted its position in Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

Shares of VOYA stock traded up $2.11 during trading hours on Wednesday, hitting $59.39. The stock had a trading volume of 70,889 shares, compared to its average volume of 987,035. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30. The stock's 50-day moving average price is $65.79 and its two-hundred day moving average price is $72.01.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data 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%. Equities analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.03%. Voya Financial's payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VOYA. Bank of America restated an "underperform" rating and issued a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $76.00 to $87.00 in a report on Friday, February 28th. Wells Fargo & Company reduced their price objective on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $80.92.

Voya Financial 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.