Raymond James Financial Inc. Purchases Shares of 116,481 Voya Financial, Inc. (NYSE:VOYA)

Raymond James Financial Inc. acquired a new position in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 116,481 shares of the asset manager's stock, valued at approximately $8,018,000. Raymond James Financial Inc. owned about 0.12% of Voya Financial as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Voya Financial by 15.7% in the 4th 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. FMR LLC raised its holdings in shares of Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock valued at $219,274,000 after purchasing an additional 301,682 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of 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 valued at $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Voya Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock worth $116,058,000 after purchasing an additional 23,818 shares during the last quarter. Finally, Norges Bank bought a new stake in Voya Financial in the 4th quarter worth about $96,508,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VOYA has been the subject of several research reports. Bank of America restated an "underperform" rating and set a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. UBS Group dropped their price objective on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Barclays decreased their target price on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company dropped their price target on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $76.00 to $87.00 in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Voya Financial currently has a consensus rating of "Hold" and a consensus target price of $80.92.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $57.25 on Wednesday. The company has a 50 day moving average of $65.79 and a 200 day moving average of $72.01. 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 stock has a market cap of $5.51 billion, a P/E ratio of 9.35, a P/E/G ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 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, sell-side analysts forecast 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 paid a $0.45 dividend. 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 3.14%. Voya Financial's dividend payout ratio is currently 29.41%.

About Voya Financial

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.

Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.