First Trust Advisors LP Has $98.95 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

First Trust Advisors LP raised its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,437,597 shares of the asset manager's stock after acquiring an additional 497,348 shares during the quarter. First Trust Advisors LP owned approximately 1.49% of Voya Financial worth $98,950,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. GeoWealth Management LLC boosted its holdings in shares of Voya Financial by 446.7% during the 4th quarter. GeoWealth Management LLC now owns 1,591 shares of the asset manager's stock valued at $110,000 after purchasing an additional 1,300 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Voya Financial in the fourth quarter valued at approximately $1,707,000. Marshall Wace LLP bought a new position in Voya Financial during the 4th quarter worth about $677,000. Bridgewater Associates LP raised its position in shares of Voya Financial by 83.9% in the 4th quarter. Bridgewater Associates LP now owns 155,084 shares of the asset manager's stock worth $10,674,000 after acquiring an additional 70,769 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Voya Financial in the 4th quarter worth approximately $421,000. 96.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on VOYA. Keefe, Bruyette & Woods dropped their price objective on shares of Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $76.00 to $87.00 in a research report on Friday, February 28th. UBS Group lowered their price target on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Bank of America reiterated an "underperform" rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Voya Financial currently has a consensus rating of "Hold" and an average target price of $80.92.

Voya Financial Stock Performance

Voya Financial stock traded up $0.20 on Wednesday, reaching $57.48. 950,046 shares of the stock were exchanged, compared to its average volume of 857,741. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The firm has a fifty day moving average price of $65.44 and a two-hundred day moving average price of $71.91. The stock has a market cap of $5.53 billion, a PE ratio of 9.39, a PEG ratio of 0.48 and a beta of 0.93. 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 (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.50 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%. Sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was 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.