Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 81.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 409 shares of the asset manager’s stock after buying an additional 183 shares during the quarter. Jones Financial Companies Lllp’s holdings in Voya Financial were worth $28,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. SRS Capital Advisors Inc. boosted its position in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after buying an additional 327 shares during the period. R Squared Ltd purchased a new position in shares of Voya Financial during the fourth quarter worth $41,000. Venturi Wealth Management LLC boosted its position in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after buying an additional 201 shares during the period. Brooklyn Investment Group purchased a new position in shares of Voya Financial during the third quarter worth $79,000. Finally, LRI Investments LLC boosted its position 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 buying an additional 921 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Ratings Changes

VOYA has been the subject of several research analyst reports. Bank of America restated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods lowered 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. Piper Sandler lowered their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company raised their price target on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $76.00 to $87.00 in a report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.55.

Voya Financial Stock Up 1.3 %

Shares of NYSE VOYA opened at $68.56 on Thursday. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The business has a 50-day moving average of $70.40 and a two-hundred day moving average of $74.54. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

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.