PUREfi Wealth LLC Takes Position in Voya Financial, Inc. (NYSE:VOYA)

PUREfi Wealth LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,907 shares of the asset manager's stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of Voya Financial in the 2nd quarter valued at about $319,000. V Square Quantitative Management LLC acquired a new stake in shares of Voya Financial during the third quarter worth about $29,000. Trust Point Inc. acquired a new stake in Voya Financial during the 3rd quarter worth approximately $204,000. Net Worth Advisory Group acquired a new stake in shares of Voya Financial during the third quarter worth $725,000. Finally, Blue Trust Inc. raised its position in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after buying an additional 801 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VOYA has been the topic of several recent analyst reports. UBS Group upgraded Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Barclays downgraded Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Evercore ISI cut their target price on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Tuesday, December 10th. Morgan Stanley reduced their price objective on Voya Financial from $78.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company lifted their price target on shares of Voya Financial from $76.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.55.

Voya Financial Trading Down 1.5 %

Shares of VOYA traded down $1.13 during trading hours on Wednesday, hitting $74.54. The stock had a trading volume of 673,379 shares, compared to its average volume of 894,071. The firm has a market cap of $7.17 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.49 and a beta of 1.05. 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 company's fifty day simple moving average is $69.99 and its 200 day simple moving average is $74.21. Voya Financial, Inc. has a 12-month low of $64.10 and a 12-month high of $84.30.

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 return on equity of 14.10% and a net margin of 8.29%. Equities research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.41%. Voya Financial's payout ratio is currently 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.