Atria Investments Inc Raises Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Atria Investments Inc raised its stake in Voya Financial, Inc. (NYSE:VOYA) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,840 shares of the asset manager’s stock after buying an additional 236 shares during the period. Atria Investments Inc’s holdings in Voya Financial were worth $471,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wealthspire Advisors LLC increased its holdings in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after buying an additional 148 shares in the last quarter. Brooklyn Investment Group increased its holdings in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after buying an additional 169 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock valued at $228,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after buying an additional 183 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Voya Financial by 13.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after buying an additional 184 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Up 2.7 %

Shares of VOYA opened at $66.84 on Friday. The firm has a market cap of $6.39 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company’s fifty day moving average is $70.44 and its two-hundred day moving average is $74.58. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA) last posted its 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%. Analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. Voya Financial’s payout ratio is 29.41%.

Analysts Set New Price Targets

VOYA has been the subject of a number of recent research reports. Bank of America reissued a “neutral” rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Barclays cut shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada dropped their price objective on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $83.55.

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.