Meritage Portfolio Management Purchases 5,455 Shares of Voya Financial, Inc. (NYSE:VOYA)

Meritage Portfolio Management lifted its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 65.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,769 shares of the asset manager's stock after purchasing an additional 5,455 shares during the quarter. Meritage Portfolio Management's holdings in Voya Financial were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Voya Financial during the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its position in Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after acquiring an additional 239 shares in the last quarter. R Squared Ltd acquired a new stake in Voya Financial in the fourth quarter valued at approximately $41,000. Blue Trust Inc. grew its position in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after acquiring an additional 801 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Voya Financial during the 3rd quarter worth $79,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Evercore ISI reduced their price objective on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods decreased their price target on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday. Piper Sandler lowered their price objective on Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company restated an "equal weight" rating and issued a $76.00 target price (down from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Finally, UBS Group upgraded Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $82.18.

Voya Financial Stock Performance

Shares of VOYA traded up $1.38 during mid-day trading on Friday, hitting $72.22. The company's stock had a trading volume of 1,335,155 shares, compared to its average volume of 914,950. Voya Financial, Inc. has a one year low of $64.10 and a one year high of $84.30. The stock's 50-day moving average is $70.78 and its two-hundred day moving average is $74.09. The firm has a market capitalization of $6.95 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 0.46 and a beta of 1.05. 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 issued its quarterly earnings results 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 net margin of 8.29% and a return on equity of 14.10%. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 8.95 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.49%. Voya Financial's dividend payout ratio is 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.