New Age Alpha Advisors LLC Acquires Shares of 2,228 Voya Financial, Inc. (NYSE:VOYA)

New Age Alpha Advisors LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,228 shares of the asset manager’s stock, valued at approximately $153,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after acquiring an additional 327 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Voya Financial in the 4th quarter valued at approximately $41,000. Venturi Wealth Management LLC grew its holdings in shares of 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. Finally, Brooklyn Investment Group increased its position in Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA stock opened at $69.06 on Thursday. 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 firm has a market cap of $6.60 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.48 and a beta of 1.03. The company’s fifty day simple moving average is $70.37 and its 200 day simple moving average is $74.31. Voya Financial, Inc. has a 12-month low of $64.10 and a 12-month high of $84.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data 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 net margin of 8.29% and a return on equity of 14.10%. On average, analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of research analyst reports. Evercore ISI cut their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Bank of America reaffirmed an “underperform” rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. JPMorgan Chase & Co. cut their price target on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Voya Financial presently has an average rating of “Hold” and a consensus price target of $82.83.

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.