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

Venturi Wealth Management LLC lifted its position in Voya Financial, Inc. (NYSE:VOYA) by 45.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 648 shares of the asset manager’s stock after purchasing 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 SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC grew its holdings 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 worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 worth $212,152,000 after purchasing an additional 38,438 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Voya Financial in the fourth quarter worth approximately $47,155,000. Victory Capital Management Inc. boosted its holdings in Voya Financial by 12.2% in the third quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager’s stock valued at $25,069,000 after acquiring an additional 34,413 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in Voya Financial by 8.2% in the third quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock valued at $21,575,000 after acquiring an additional 20,750 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA opened at $70.54 on Wednesday. The stock has a 50-day moving average price of $70.20 and a 200-day moving average price of $74.46. 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 firm has a market cap of $6.79 billion, a PE ratio of 11.53, a P/E/G ratio of 0.48 and a beta of 1.05. 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 quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Sell-side analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VOYA. Wells Fargo & Company lifted their price target on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price objective 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. Evercore ISI lowered their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada lowered their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.55.

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.