Brooklyn Investment Group Has $80,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Brooklyn Investment Group lifted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,166 shares of the asset manager’s stock after purchasing an additional 169 shares during the period. Brooklyn Investment Group’s holdings in Voya Financial were worth $80,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Boston Common Asset Management LLC grew its position in shares of Voya Financial by 30.7% during the 4th quarter. Boston Common Asset Management LLC now owns 65,667 shares of the asset manager’s stock worth $4,520,000 after buying an additional 15,431 shares during the period. Hennessy Advisors Inc. bought a new stake in Voya Financial in the fourth quarter valued at $47,155,000. Park Avenue Securities LLC raised its holdings in shares of Voya Financial by 19.9% during the fourth quarter. Park Avenue Securities LLC now owns 9,610 shares of the asset manager’s stock valued at $661,000 after purchasing an additional 1,594 shares during the period. Oak Thistle LLC bought a new position in shares of Voya Financial during the 4th quarter worth about $301,000. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Voya Financial in the 4th quarter valued at about $1,379,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI dropped their price target 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. UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Bank of America restated a “neutral” rating and set a $83.00 price objective (down previously from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Piper Sandler reduced their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.73.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $69.75 on Monday. The firm has a market capitalization of $6.71 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $74.21 and its 200 day simple moving average is $74.23. Voya Financial, Inc. has a 12 month low of $63.11 and a 12 month high of $84.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.07 EPS. As a group, analysts anticipate that Voya Financial, Inc. will post 7.62 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were issued a $0.45 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Insider Buying and Selling

In related news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is currently owned by insiders.

Voya Financial 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.