Venturi Wealth Management LLC Buys 201 Shares of Voya Financial, Inc. (NYSE:VOYA)

Venturi Wealth Management LLC lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 45.0% in the fourth quarter, HoldingsChannel reports. The fund owned 648 shares of the asset manager’s stock after acquiring an additional 201 shares during the period. Venturi Wealth Management LLC’s holdings in Voya Financial were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Voya Financial in the 4th quarter worth approximately $41,000. Blue Trust Inc. boosted its stake in Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares during the period. Brooklyn Investment Group bought a new position in Voya Financial in the 3rd quarter worth approximately $79,000. LRI Investments LLC boosted its stake in Voya Financial by 780.5% in the 3rd 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. Finally, Abich Financial Wealth Management LLC bought a new position in Voya Financial in the 3rd quarter worth approximately $87,000. 96.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on VOYA. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Piper Sandler decreased their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company upped their price objective on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Morgan Stanley decreased their price objective on Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Barclays cut Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.55.

Voya Financial Stock Performance

NYSE:VOYA opened at $70.54 on Wednesday. The stock’s fifty day moving average is $70.20 and its 200 day moving average is $74.46. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The firm has a market capitalization of $6.79 billion, a PE ratio of 11.53, a PEG 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 released its quarterly earnings results 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 net margin of 8.29% and a return on equity of 14.10%. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a $0.45 dividend. This represents a $1.80 annualized dividend 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 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.