Steward Partners Investment Advisory LLC Acquires 282 Shares of Voya Financial, Inc. (NYSE:VOYA)

Steward Partners Investment Advisory LLC raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 22.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,545 shares of the asset manager’s stock after purchasing an additional 282 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Voya Financial were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock valued at $445,487,000 after acquiring an additional 876,399 shares during the period. Impax Asset Management Group plc raised its stake in shares of Voya Financial by 277.8% in the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after acquiring an additional 2,131,578 shares during the period. FMR LLC raised its stake in shares of Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after acquiring an additional 592,523 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Voya Financial by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock valued at $212,152,000 after acquiring an additional 38,438 shares during the period. Finally, GW&K Investment Management LLC raised its stake in shares of Voya Financial by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager’s stock valued at $69,722,000 after acquiring an additional 8,024 shares during the period. Institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VOYA shares. Evercore ISI reduced their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler reduced their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Barclays downgraded shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and an average price target of $83.55.

Voya Financial Trading Up 2.7 %

NYSE VOYA opened at $66.84 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company’s 50-day simple moving average is $70.44 and its two-hundred day simple moving average is $74.62. Voya Financial, Inc. has a one year low of $64.10 and a one year high of $84.30.

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 analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Equities analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 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.