US Bancorp DE Purchases 544 Shares of Voya Financial, Inc. (NYSE:VOYA)

US Bancorp DE boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,199 shares of the asset manager’s stock after buying an additional 544 shares during the period. US Bancorp DE’s holdings in Voya Financial were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VOYA. Aigen Investment Management LP increased its position in Voya Financial by 14.0% during the 3rd quarter. Aigen Investment Management LP now owns 6,533 shares of the asset manager’s stock valued at $518,000 after buying an additional 800 shares in the last quarter. Victory Capital Management Inc. increased its position in Voya Financial by 12.2% during the 3rd quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager’s stock valued at $25,069,000 after buying an additional 34,413 shares in the last quarter. Quest Partners LLC bought a new position in Voya Financial during the 3rd quarter valued at approximately $322,000. Meeder Asset Management Inc. bought a new position in Voya Financial during the 3rd quarter valued at approximately $597,000. Finally, Advisors Asset Management Inc. increased its position in Voya Financial by 52.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,580 shares of the asset manager’s stock valued at $917,000 after buying an additional 3,970 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VOYA. Piper Sandler reduced their price objective 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. Keefe, Bruyette & Woods cut their target price on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $76.00 to $87.00 in a research note on Friday, February 28th. Evercore ISI cut their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada cut their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.55.

Voya Financial Stock Performance

VOYA stock opened at $64.97 on Friday. The company has a market cap of $6.21 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 1 year low of $64.10 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. The stock’s fifty day moving average price is $70.56 and its 200-day moving average price is $74.62.

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

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.77%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

About Voya Financial

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.