Pinebridge Investments L.P. Acquires 10,664 Shares of Voya Financial, Inc. (NYSE:VOYA)

Pinebridge Investments L.P. grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 42.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,641 shares of the asset manager's stock after buying an additional 10,664 shares during the period. Pinebridge Investments L.P.'s holdings in Voya Financial were worth $2,453,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised 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 worth $28,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd bought a new position in shares of Voya Financial in the 4th quarter worth $41,000. Venturi Wealth Management LLC grew its position in 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 purchasing an additional 201 shares during the period. 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 and hedge funds own 96.10% of the company's stock.

Voya Financial Price Performance

VOYA opened at $59.00 on Friday. The firm has a market cap of $5.68 billion, a P/E ratio of 9.64, a PEG ratio of 0.48 and a beta of 0.93. 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, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The firm has a 50-day moving average of $64.78 and a 200 day moving average of $71.58.

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 (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 3.05%. Voya Financial's payout ratio is presently 29.41%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Bank of America reiterated an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays dropped their target price on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada decreased their price target on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.

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