Proficio Capital Partners LLC Purchases New Holdings in Voya Financial, Inc. (NYSE:VOYA)

Proficio Capital Partners LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 55,298 shares of the asset manager's stock, valued at approximately $3,806,000. Proficio Capital Partners LLC owned approximately 0.06% of Voya Financial as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Voya Financial by 277.8% in the 4th 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 in the last quarter. FMR LLC boosted its holdings in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Voya Financial by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock valued at $212,152,000 after purchasing an additional 38,438 shares in the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Voya Financial by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager's stock valued at $69,722,000 after purchasing an additional 8,024 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on VOYA. Keefe, Bruyette & Woods dropped their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Bank of America restated a "neutral" rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Barclays downgraded shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Evercore ISI cut their target price on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Voya Financial currently has an average rating of "Moderate Buy" and a consensus price target of $83.55.

Voya Financial Stock Down 0.9 %

Voya Financial stock traded down $0.60 during mid-day trading on Friday, hitting $67.77. The company had a trading volume of 3,564,752 shares, compared to its average volume of 813,351. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.48 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The business has a fifty day moving average of $70.40 and a 200 day moving average of $74.49.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data 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 net margin of 8.29% and a return on equity of 14.10%. On average, sell-side analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Tuesday, February 25th. Voya Financial's payout ratio is currently 29.41%.

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.