Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 81.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,513 shares of the asset manager's stock after acquiring an additional 8,333 shares during the quarter. LPL Financial LLC's holdings in Voya Financial were worth $1,274,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

VOYA has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their price objective 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. Royal Bank of Canada cut 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. Wells Fargo & Company lowered their price target on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Bank of America reissued an "underperform" rating and issued a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $80.92.

Voya Financial Price Performance

Voya Financial stock traded up $2.32 during midday trading on Wednesday, reaching $59.60. 53,913 shares of the stock traded hands, compared to its average volume of 853,463. The stock's fifty day moving average is $65.79 and its 200-day moving average is $72.01. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The stock has a market cap of $5.73 billion, a P/E ratio of 9.74, a PEG ratio of 0.48 and a beta of 0.93. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59.

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 analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.02%. Voya Financial's dividend payout ratio 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.