JPMorgan Chase & Co. Increases Stake in Voya Financial, Inc. (NYSE:VOYA)

JPMorgan Chase & Co. lifted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,935 shares of the asset manager's stock after acquiring an additional 30,419 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.26% of Voya Financial worth $17,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantinno Capital Management LP grew its holdings in Voya Financial by 79.0% in the third quarter. Quantinno Capital Management LP now owns 15,558 shares of the asset manager's stock worth $1,233,000 after purchasing an additional 6,866 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Voya Financial during the 3rd quarter valued at about $325,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Voya Financial by 2.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 39,625 shares of the asset manager's stock valued at $3,139,000 after buying an additional 990 shares during the period. Barclays PLC grew its stake in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock valued at $3,872,000 after purchasing an additional 15,902 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Voya Financial by 8.1% during the third quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager's stock valued at $285,000 after buying an additional 270 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Up 0.8 %

VOYA traded up $0.46 on Thursday, hitting $56.93. The company had a trading volume of 59,905 shares, compared to its average volume of 854,590. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.48 and a beta of 0.93. The stock has a fifty day moving average price of $67.15 and a 200-day moving average price of $72.68. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. 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 (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. Analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.16%. Voya Financial's dividend payout ratio is currently 29.41%.

Analysts Set New Price Targets

Several research analysts have recently commented on VOYA shares. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Wells Fargo & Company lowered 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 report on Thursday, April 10th. Barclays dropped their target price on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average 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.