Norges Bank Acquires Shares of 1,402,120 Voya Financial, Inc. (NYSE:VOYA)

Norges Bank acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,402,120 shares of the asset manager's stock, valued at approximately $96,508,000. Norges Bank owned about 1.46% of Voya Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in VOYA. Victory Capital Management Inc. raised its stake in Voya Financial by 3.6% in the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock valued at $22,561,000 after acquiring an additional 11,336 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Voya Financial by 420.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock valued at $4,812,000 after buying an additional 52,032 shares in the last quarter. KBC Group NV boosted its holdings in Voya Financial by 260.5% in the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock worth $646,000 after buying an additional 6,781 shares during the period. Hennessy Advisors Inc. bought a new position in Voya Financial in the 4th quarter worth approximately $47,155,000. Finally, Barclays PLC grew its stake in Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock valued at $3,872,000 after buying an additional 15,902 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

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Analysts Set New Price Targets

VOYA has been the subject of a number of analyst reports. Wells Fargo & Company raised their price target on Voya Financial from $76.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $76.00 to $87.00 in a report on Friday, February 28th. JPMorgan Chase & Co. lowered 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. Royal Bank of Canada cut their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Finally, UBS Group decreased their target price on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $82.83.

Voya Financial Trading Down 9.5 %

NYSE:VOYA traded down $6.58 during trading hours on Thursday, reaching $62.43. The company's stock had a trading volume of 1,670,395 shares, compared to its average volume of 839,628. Voya Financial, Inc. has a 1 year low of $62.42 and a 1 year 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. The firm has a 50-day simple moving average of $70.22 and a 200-day simple moving average of $74.22. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 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%. Research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.88%. Voya Financial's 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.