Polymer Capital Management US LLC Purchases Shares of 4,898 Voya Financial, Inc. (NYSE:VOYA)

Polymer Capital Management US LLC bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,898 shares of the asset manager's stock, valued at approximately $337,000.

Other large investors also recently modified their holdings of the company. Impax Asset Management Group plc lifted its position in Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after purchasing an additional 2,131,578 shares during the period. Norges Bank acquired a new position in shares of Voya Financial in the 4th quarter valued at approximately $96,508,000. Wealthfront Advisers LLC bought a new stake in shares of Voya Financial during the 4th quarter worth approximately $67,214,000. Bank of New York Mellon Corp boosted its position in shares of Voya Financial by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after acquiring an additional 876,399 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Voya Financial in the fourth quarter valued at approximately $47,155,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Trading Up 0.9 %

Shares of NYSE VOYA traded up $0.51 during trading on Friday, reaching $56.50. The company had a trading volume of 849,375 shares, compared to its average volume of 857,121. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.40 billion, a P/E ratio of 9.23, a PEG ratio of 0.48 and a beta of 0.93. The company's fifty day moving average price is $68.02 and its 200-day moving average price is $73.05.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate 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, research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 annualized dividend and a yield of 3.19%. Voya Financial's payout ratio is 29.41%.

Analysts Set New Price Targets

A number of brokerages have weighed in on VOYA. Wells Fargo & Company reduced their target price on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a report on Thursday. Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Keefe, Bruyette & Woods dropped 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. Piper Sandler decreased their price target on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Finally, Bank of America reissued an "underperform" rating and issued a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. One investment 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $80.92.

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.