Sciencast Management LP Purchases Shares of 9,531 Voya Financial, Inc. (NYSE:VOYA)

Sciencast Management LP acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,531 shares of the asset manager's stock, valued at approximately $656,000.

A number of other hedge funds have also made changes to their positions in VOYA. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. raised its position in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after acquiring an additional 327 shares in the last quarter. R Squared Ltd acquired a new stake in Voya Financial in the 4th quarter valued at about $41,000. Venturi Wealth Management LLC boosted its position in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Voya Financial in the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Wells Fargo & Company raised their price objective on Voya Financial from $76.00 to $79.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Bank of America reaffirmed a "neutral" rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods decreased their price target on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler cut their price objective on Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. Six research 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $83.55.

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Voya Financial Price Performance

NYSE:VOYA traded down $0.67 during trading hours on Thursday, hitting $69.41. The company's stock had a trading volume of 715,598 shares, compared to its average volume of 809,088. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock has a fifty day simple moving average of $70.51 and a 200-day simple moving average of $74.48. The company has a market capitalization of $6.63 billion, a P/E ratio of 11.34, a PEG ratio of 0.48 and a beta of 1.03.

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 analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.59%. Voya Financial's dividend payout ratio is presently 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.