Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,967 shares of the asset manager’s stock after acquiring an additional 148 shares during the quarter. Wealthspire Advisors LLC’s holdings in Voya Financial were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of VOYA. R Squared Ltd purchased a new stake in shares of Voya Financial during the fourth quarter valued at $41,000. Venturi Wealth Management LLC grew its stake in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 201 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Voya Financial by 3,640.9% in the third 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 period. Brooklyn Investment Group purchased a new position in shares of Voya Financial in the third quarter worth about $79,000. Finally, LRI Investments LLC lifted its holdings in shares of Voya Financial by 780.5% during 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 period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $70.50 on Friday. The stock’s 50-day simple moving average is $70.35 and its 200-day simple moving average is $74.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The firm 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. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results 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, equities research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler dropped their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Evercore ISI reduced their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reduced their price target on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Seven investment 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.55.

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.