Vanguard Group Inc. Has $797.26 Million Holdings in Voya Financial, Inc. (NYSE:VOYA)

Vanguard Group Inc. decreased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,583,045 shares of the asset manager's stock after selling 57,208 shares during the quarter. Vanguard Group Inc. owned 12.04% of Voya Financial worth $797,261,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Jones Financial Companies Lllp increased its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd bought a new stake in shares of Voya Financial in the 4th quarter valued at approximately $41,000. Venturi Wealth Management LLC lifted 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 worth $45,000 after buying an additional 201 shares during the period. Finally, Brooklyn Investment Group boosted its stake in Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after buying an additional 169 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

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Voya Financial Trading Down 8.3 %

Shares of VOYA stock traded down $5.76 on Thursday, reaching $63.25. 162,063 shares of the stock were exchanged, compared to its average volume of 939,962. The stock has a 50 day moving average price of $70.37 and a 200 day moving average price of $74.31. 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 market cap of $6.04 billion, a PE ratio of 10.33, a P/E/G ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a one year low of $63.38 and a one year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its 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 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were given 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 dividend yield of 2.85%. Voya Financial's dividend payout ratio is 29.41%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Piper Sandler cut their price objective on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada reduced their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a report on Wednesday. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $76.00 to $87.00 in a research note on Friday, February 28th. Finally, Bank of America reaffirmed 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $82.83.

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.