Bridgewater Associates LP Grows Position in Voya Financial, Inc. (NYSE:VOYA)

Bridgewater Associates LP grew its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 83.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,084 shares of the asset manager’s stock after buying an additional 70,769 shares during the quarter. Bridgewater Associates LP’s holdings in Voya Financial were worth $10,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Wealthspire Advisors LLC boosted its stake in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group lifted its stake in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after purchasing an additional 169 shares during the last quarter. CIBC Asset Management Inc increased its position in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after buying an additional 177 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Voya Financial by 81.0% during the 4th 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 during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Voya Financial by 13.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 184 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Stock Down 2.0 %

Shares of VOYA opened at $56.54 on Thursday. The firm has a market cap of $5.40 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.48 and a beta of 0.93. The stock has a 50 day simple moving average of $67.15 and a two-hundred day simple moving average of $72.68. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. 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 (NYSE:VOYA) last issued its quarterly earnings data 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 net margin of 8.29% and a return on equity of 14.10%. On average, analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VOYA. Wells Fargo & Company dropped their target price on Voya Financial from $79.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their target price on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Piper Sandler cut their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Royal Bank of Canada decreased their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Bank of America restated an “underperform” rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.92.

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.