SageView Advisory Group LLC Takes $336,000 Position in Voya Financial, Inc. (NYSE:VOYA)

SageView Advisory Group LLC acquired a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,888 shares of the asset manager's stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOYA. Victory Capital Management Inc. boosted its holdings in Voya Financial by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock worth $22,561,000 after acquiring an additional 11,336 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Voya Financial by 420.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock valued at $4,812,000 after purchasing an additional 52,032 shares during the period. KBC Group NV increased its stake in Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock valued at $646,000 after purchasing an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Voya Financial in the fourth quarter valued at $47,155,000. Finally, Barclays PLC grew its holdings in shares of Voya Financial by 48.2% during the third quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock valued at $3,872,000 after buying an additional 15,902 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

Voya Financial stock traded down $1.29 during midday trading on Monday, reaching $55.47. The stock had a trading volume of 39,466 shares, compared to its average volume of 996,931. The firm has a market capitalization of $5.34 billion, a PE ratio of 9.06, 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. 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 firm's 50-day moving average price is $66.49 and its 200 day moving average price is $72.28.

Voya Financial (NYSE:VOYA - Get Free Report) last posted 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 net margin of 8.29% and a return on equity of 14.10%. As a group, research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's dividend payout ratio (DPR) is presently 29.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VOYA shares. Keefe, Bruyette & Woods cut their price target on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada lowered their price target on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. UBS Group reduced their target price on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Bank of America restated an "underperform" rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their target price 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 assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Voya Financial currently 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.