Envestnet Asset Management Inc. Has $14.33 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Envestnet Asset Management Inc. cut its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,235 shares of the asset manager's stock after selling 12,641 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of Voya Financial worth $14,333,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in shares of Voya Financial by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock worth $22,561,000 after acquiring an additional 11,336 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in Voya Financial by 420.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock worth $4,812,000 after purchasing an additional 52,032 shares during the last quarter. KBC Group NV boosted its holdings in shares of Voya Financial by 260.5% in the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock valued at $646,000 after purchasing an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Voya Financial in the 4th quarter valued at $47,155,000. Finally, Barclays PLC raised its holdings in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after buying an additional 15,902 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Trading Up 4.1 %

NYSE VOYA traded up $2.26 during mid-day trading on Tuesday, reaching $57.25. 754,916 shares of the stock were exchanged, compared to its average volume of 856,610. The stock has a market cap of $5.51 billion, a P/E ratio of 9.35, a P/E/G ratio of 0.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30. The stock has a 50 day simple moving average of $65.79 and a 200-day simple moving average of $72.01.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. On average, analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Tuesday, February 25th. Voya Financial's payout ratio is 29.41%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays reduced their price objective on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company dropped their price objective on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. UBS Group decreased their target price on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Finally, Royal Bank of Canada lowered their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $80.92.

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.