Algebris UK Ltd Makes New $6.73 Million Investment in Voya Financial, Inc. (NYSE:VOYA)

Algebris UK Ltd purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 4th quarter, HoldingsChannel reports. The firm purchased 101,251 shares of the asset manager’s stock, valued at approximately $6,731,000. Voya Financial accounts for 1.7% of Algebris UK Ltd’s portfolio, making the stock its 21st largest holding.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Voya Financial by 15.7% in the 4th 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 last quarter. Impax Asset Management Group plc increased its holdings in shares of Voya Financial by 277.8% in the 4th 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 last quarter. FMR LLC increased its holdings in shares of Voya Financial by 25.9% in the 3rd 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 last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Voya Financial by 1.5% in the 3rd 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 last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Voya Financial by 0.8% in the 4th 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 last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 0.3 %

Voya Financial stock opened at $67.64 on Wednesday. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The stock has a 50 day moving average of $70.40 and a two-hundred day moving average of $74.58. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS 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%. As a group, research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. Voya Financial’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VOYA shares. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Evercore ISI decreased their target price 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. Keefe, Bruyette & Woods decreased their target price 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. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Finally, Bank of America reissued a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a research report 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.55.

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.