Victory Capital Management Inc. raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,783 shares of the asset manager's stock after buying an additional 11,336 shares during the period. Victory Capital Management Inc. owned about 0.34% of Voya Financial worth $22,561,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of Voya Financial by 5.8% in the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager's stock valued at $290,000 after acquiring an additional 202 shares during the period. Meritage Portfolio Management increased its holdings in Voya Financial by 11.2% in the 3rd quarter. Meritage Portfolio Management now owns 8,314 shares of the asset manager's stock worth $659,000 after buying an additional 837 shares during the period. Aigen Investment Management LP raised its holdings in shares of Voya Financial by 14.0% during the third quarter. Aigen Investment Management LP now owns 6,533 shares of the asset manager's stock worth $518,000 after purchasing an additional 800 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at about $322,000. Finally, Meeder Asset Management Inc. acquired a new position in Voya Financial in the third quarter valued at approximately $597,000. Institutional investors own 96.10% of the company's stock.
Analyst Ratings Changes
Several research firms have issued reports on VOYA. Evercore ISI decreased their price objective on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, December 10th. Barclays cut Voya Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. 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 report on Monday, February 3rd. Keefe, Bruyette & Woods cut their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.55.
Read Our Latest Stock Report on Voya Financial
Voya Financial Stock Performance
VOYA stock traded down $0.88 during trading on Wednesday, hitting $66.57. 450,734 shares of the company's stock traded hands, compared to its average volume of 816,991. The stock has a fifty day moving average price of $70.62 and a two-hundred day moving average price of $74.68. The company has a quick ratio of 0.31, a current ratio of 0.30 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 stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth 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 net margin of 8.29% and a return on equity of 14.10%. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS 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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial's dividend payout ratio is currently 29.41%.
About Voya Financial
(
Free Report)
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.
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