Y Intercept Hong Kong Ltd Acquires Shares of 50,631 Voya Financial, Inc. (NYSE:VOYA)

Y Intercept Hong Kong Ltd purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50,631 shares of the asset manager's stock, valued at approximately $3,485,000. Y Intercept Hong Kong Ltd owned 0.05% of Voya Financial at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after purchasing an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Voya Financial by 1.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock worth $212,152,000 after purchasing an additional 38,438 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Voya Financial during the 4th quarter worth approximately $47,155,000. Victory Capital Management Inc. increased its position in Voya Financial by 12.2% during the 3rd quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager's stock worth $25,069,000 after purchasing an additional 34,413 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Voya Financial by 8.2% during the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager's stock worth $21,575,000 after purchasing an additional 20,750 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada lowered their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Piper Sandler decreased their price target on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price target on shares of Voya Financial from $76.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their price target on shares of Voya Financial from $78.00 to $76.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Finally, Barclays cut shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $82.55.

Voya Financial Stock Up 1.1 %

NYSE VOYA traded up $0.74 on Thursday, hitting $70.50. 666,127 shares of the company were exchanged, compared to its average volume of 879,982. The company has a market cap of $6.78 billion, a PE ratio of 11.52, a PEG ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The stock has a fifty day moving average of $70.35 and a 200-day moving average of $74.40. 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 issued its earnings results 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%. As a group, analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.55%. The ex-dividend date is Tuesday, February 25th. Voya Financial's dividend payout ratio is presently 29.41%.

About Voya Financial

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.