Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,700 shares of the asset manager’s stock after acquiring an additional 1,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Voya Financial were worth $1,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VOYA. Blue Trust Inc. increased 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 worth $65,000 after acquiring an additional 801 shares during the last quarter. Raymond James & Associates grew its stake in shares of Voya Financial by 0.3% in the third quarter. Raymond James & Associates now owns 119,375 shares of the asset manager’s stock valued at $9,457,000 after buying an additional 320 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Voya Financial by 15,513.4% in the third quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after buying an additional 20,788 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Voya Financial by 10.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,646 shares of the asset manager’s stock valued at $1,002,000 after buying an additional 1,150 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Voya Financial by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after buying an additional 245 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Down 1.3 %

NYSE:VOYA opened at $70.54 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $70.20 and its two-hundred day moving average is $74.46. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30. The company has a market cap of $6.79 billion, a PE ratio of 11.53, a P/E/G ratio of 0.48 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates 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 predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VOYA shares. Piper Sandler lowered their target price 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. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods lowered their target price 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. Barclays downgraded Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Bank of America reissued a “neutral” rating and issued a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.55.

Voya Financial 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.