5,686 Shares in Voya Financial, Inc. (NYSE:VOYA) Acquired by A&I Financial Services LLC

A&I Financial Services LLC acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,686 shares of the asset manager’s stock, valued at approximately $391,000.

Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Voya Financial by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock worth $445,487,000 after acquiring an additional 876,399 shares in the last quarter. Impax Asset Management Group plc increased its stake in Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. FMR LLC increased its stake in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after purchasing an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake 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 valued at $212,152,000 after purchasing an additional 38,438 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Voya Financial during the 4th quarter valued at approximately $47,155,000. Institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Piper Sandler cut their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Bank of America restated a “neutral” rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Evercore ISI dropped their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.55.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $70.50 on Friday. The company’s fifty day moving average price is $70.35 and its 200 day moving average price is $74.40. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The company has a market capitalization of $6.73 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (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, research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 (DPR) is presently 29.41%.

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.