PUREfi Wealth LLC Takes Position in Voya Financial, Inc. (NYSE:VOYA)

PUREfi Wealth LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,907 shares of the asset manager’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Voya Financial in the 3rd quarter valued at approximately $29,000. R Squared Ltd purchased a new position in Voya Financial during the fourth quarter valued at $41,000. Blue Trust Inc. raised its stake in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after buying an additional 801 shares during the last quarter. Brooklyn Investment Group purchased a new position in Voya Financial during the third quarter valued at $79,000. Finally, LRI Investments LLC raised its stake in Voya Financial by 780.5% during the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock valued at $85,000 after buying an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA opened at $74.98 on Friday. 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 $64.10 and a one year high of $84.30. The firm has a market capitalization of $7.21 billion, a P/E ratio of 12.25, a PEG ratio of 0.46 and a beta of 1.05. The business has a fifty day moving average of $69.95 and a 200 day moving average of $74.11.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 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, sell-side analysts anticipate that Voya Financial, Inc. will post 8.95 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VOYA. Wells Fargo & Company reiterated an “equal weight” rating and set a $76.00 price objective (down previously from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada lowered their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler decreased their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.