Fmr LLC Has $219.27 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Fmr LLC lifted its stake in Voya Financial, Inc. (NYSE:VOYA) by 10.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,185,726 shares of the asset manager’s stock after purchasing an additional 301,682 shares during the quarter. Fmr LLC’s holdings in Voya Financial were worth $219,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VOYA. Wealthspire Advisors LLC lifted its position in Voya Financial by 5.3% in the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after acquiring an additional 169 shares in the last quarter. CIBC Asset Management Inc boosted its position in Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock valued at $228,000 after purchasing an additional 177 shares during the last quarter. Jones Financial Companies Lllp grew 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 purchasing an additional 183 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Voya Financial by 13.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 184 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Up 0.9 %

Voya Financial stock opened at $56.50 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 fifty-two week low of $52.43 and a fifty-two week high of $84.30. The firm has a fifty day moving average price of $68.02 and a two-hundred day moving average price of $73.08. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 0.48 and a beta of 0.93.

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

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.19%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group reduced their price target on Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of Voya Financial from $79.00 to $69.00 and set an “equal weight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $80.92.

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.