Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,667 shares of the asset manager’s stock after purchasing an additional 15,431 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.07% of Voya Financial worth $4,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. acquired a new stake in Voya Financial during the 4th quarter worth $47,155,000. Park Avenue Securities LLC boosted its stake in Voya Financial by 19.9% during the 4th quarter. Park Avenue Securities LLC now owns 9,610 shares of the asset manager’s stock worth $661,000 after purchasing an additional 1,594 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Voya Financial during the 4th quarter valued at about $301,000. Miracle Mile Advisors LLC acquired a new position in shares of Voya Financial during the 4th quarter valued at about $1,379,000. Finally, Retirement Systems of Alabama boosted its position in shares of Voya Financial by 8.2% during the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock valued at $21,575,000 after acquiring an additional 20,750 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Down 0.1 %

Shares of NYSE:VOYA opened at $69.75 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $6.71 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05. The firm’s 50-day moving average is $74.21 and its two-hundred day moving average is $74.19. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 earnings per share. Analysts predict that Voya Financial, Inc. will post 7.62 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Voya Financial’s payout ratio is 28.66%.

Analyst Ratings Changes

Several research analysts have recently weighed in on VOYA shares. Royal Bank of Canada lowered their price target on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $76.00 target price (down previously from $87.00) on shares of Voya Financial in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Finally, JPMorgan Chase & Co. decreased their target price 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and a consensus price target of $83.73.

Insider Buying and Selling

In related news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

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.