Brooklyn Investment Group raised its position in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,166 shares of the asset manager’s stock after purchasing an additional 169 shares during the period. Brooklyn Investment Group’s holdings in Voya Financial were worth $80,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Voya Financial in the 3rd quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after acquiring an additional 239 shares during the last quarter. Quarry LP bought a new position in shares of Voya Financial during the 2nd quarter valued at $61,000. Blue Trust Inc. grew its holdings in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares during the last quarter. Finally, LRI Investments LLC lifted its stake in Voya Financial by 780.5% in the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after purchasing an additional 921 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on VOYA shares. Piper Sandler reduced their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods lowered their price objective on Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company restated an “equal weight” rating and issued a $76.00 target price (down previously from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Bank of America reiterated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Finally, Barclays decreased their price objective on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.73.
Voya Financial Trading Down 0.1 %
Shares of NYSE VOYA opened at $69.75 on Monday. The stock has a market cap of $6.71 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30. The firm has a 50-day moving average of $74.21 and a 200 day moving average of $74.23.
Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 EPS. As a group, sell-side analysts expect that Voya Financial, Inc. will post 7.62 EPS for the current fiscal year.
Voya Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Tuesday, November 26th. Voya Financial’s dividend payout ratio is presently 28.66%.
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 stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by company insiders.
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.
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