Ontario Teachers Pension Plan Board Buys Shares of 6,112 Voya Financial, Inc. (NYSE:VOYA)

Ontario Teachers Pension Plan Board acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,112 shares of the asset manager's stock, valued at approximately $421,000.

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

Voya Financial Stock Performance

Shares of NYSE:VOYA traded up $1.50 during mid-day trading on Wednesday, reaching $58.78. The company had a trading volume of 134,102 shares, compared to its average volume of 987,623. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.48 and a beta of 0.93. The company's 50-day moving average price is $65.79 and its 200-day moving average price is $72.01. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results 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 fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were issued 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 3.06%. Voya Financial's payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VOYA. JPMorgan Chase & Co. decreased their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Barclays decreased their price target on shares of Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Finally, UBS Group reduced their price objective on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.