Russell Investments Group Ltd. Has $11.22 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Russell Investments Group Ltd. raised its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 162,957 shares of the asset manager's stock after purchasing an additional 10,146 shares during the period. Russell Investments Group Ltd. owned 0.17% of Voya Financial worth $11,216,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after acquiring an additional 2,131,578 shares in the last quarter. Geode Capital Management LLC lifted its stake in Voya Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock worth $116,058,000 after purchasing an additional 23,818 shares during the last quarter. Norges Bank acquired a new position in Voya Financial in the fourth quarter worth $96,508,000. Finally, GW&K Investment Management LLC increased its stake in Voya Financial by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager's stock valued at $69,722,000 after purchasing an additional 8,024 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. 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 report on Wednesday, April 2nd. UBS Group dropped their price target on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays lowered their price objective on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research note on Friday, April 11th. Bank of America reiterated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Finally, Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $76.00 to $87.00 in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $80.92.

Voya Financial Price Performance

VOYA traded down $0.09 during trading on Wednesday, reaching $57.61. The stock had a trading volume of 65,301 shares, compared to its average volume of 1,010,184. The stock has a 50 day moving average of $67.46 and a two-hundred day moving average of $72.79. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data 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%. 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 3.12%. Voya Financial's dividend payout ratio is currently 29.41%.

Voya Financial 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.