KBC Group NV lifted its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 260.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,384 shares of the asset manager's stock after acquiring an additional 6,781 shares during the period. KBC Group NV's holdings in Voya Financial were worth $646,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VOYA. Hennessy Advisors Inc. bought a new stake in shares of Voya Financial in the 4th quarter worth about $47,155,000. FMR LLC lifted its stake in Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Leeward Investments LLC MA bought a new position in shares of Voya Financial during the third quarter valued at approximately $19,269,000. Basswood Capital Management L.L.C. purchased a new stake in shares of Voya Financial in the third quarter worth approximately $8,944,000. Finally, Bridgewater Associates LP lifted its stake in shares of Voya Financial by 281.8% during the 3rd quarter. Bridgewater Associates LP now owns 84,315 shares of the asset manager's stock worth $6,679,000 after acquiring an additional 62,232 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.
Voya Financial Stock Performance
VOYA traded down $1.40 during midday trading on Thursday, hitting $70.82. 1,134,892 shares of the company were exchanged, compared to its average volume of 885,925. The company's 50 day simple moving average is $71.00 and its 200 day simple moving average is $74.08. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.
Voya Financial (NYSE:VOYA - Get Free Report) last posted 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 15.09% and a net margin of 8.81%. As a group, sell-side analysts predict that Voya Financial, Inc. will post 7.11 earnings per share for the current year.
Voya Financial Announces Dividend
The company also recently announced 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 dividend yield of 2.54%. The ex-dividend date is Tuesday, February 25th. Voya Financial's dividend payout ratio is currently 29.41%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on VOYA shares. Royal Bank of Canada lowered their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday. JPMorgan Chase & Co. dropped their target price on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Bank of America reaffirmed a "neutral" rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods dropped their price objective on Voya Financial from $90.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Piper Sandler decreased their target price on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research report on Wednesday, December 18th. 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 stock. According to MarketBeat.com, Voya Financial currently has a consensus rating of "Moderate Buy" and an average target price of $82.18.
View Our Latest Research Report on Voya Financial
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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