Vest Financial LLC Acquires 16,719 Shares of Voya Financial, Inc. (NYSE:VOYA)

Vest Financial LLC raised its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 85.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 36,331 shares of the asset manager's stock after purchasing an additional 16,719 shares during the quarter. Vest Financial LLC's holdings in Voya Financial were worth $2,501,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VOYA. Creative Planning increased its stake in Voya Financial by 15.3% in the second quarter. Creative Planning now owns 7,216 shares of the asset manager's stock valued at $513,000 after acquiring an additional 958 shares during the period. Sanctuary Advisors LLC acquired a new position in Voya Financial in the second quarter valued at about $319,000. UMB Bank n.a. boosted its position in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after buying an additional 239 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in Voya Financial in the third quarter valued at about $363,000. Finally, V Square Quantitative Management LLC acquired a new position in Voya Financial in the third quarter valued at about $29,000. Institutional investors own 96.10% of the company's stock.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced their target price on shares of Voya Financial from $90.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Barclays lowered shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Bank of America reiterated 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. JPMorgan Chase & Co. dropped their price target on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $76.00 price target (down from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. Seven investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.27.

Voya Financial Stock Down 0.8 %

Shares of VOYA stock traded down $0.58 during trading hours on Wednesday, hitting $73.41. 973,842 shares of the company were exchanged, compared to its average volume of 906,219. The business has a 50 day moving average of $70.23 and a two-hundred day moving average of $74.10. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30. The company has a market capitalization of $7.06 billion, a PE ratio of 12.00, a PEG ratio of 0.46 and a beta of 1.05.

Voya Financial (NYSE:VOYA - Get Free Report) last issued 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%. Analysts anticipate that Voya Financial, Inc. will post 8.95 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm 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. This represents a $1.80 annualized dividend and a yield of 2.45%. The ex-dividend date is Tuesday, February 25th. Voya Financial's payout ratio is 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.