First Trust Advisors LP Has $98.95 Million Position in Voya Financial, Inc. (NYSE:VOYA)

First Trust Advisors LP increased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 52.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,437,597 shares of the asset manager’s stock after purchasing an additional 497,348 shares during the period. First Trust Advisors LP’s holdings in Voya Financial were worth $98,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp raised its holdings in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 327 shares during the period. R Squared Ltd acquired a new stake in shares of Voya Financial in the 4th quarter valued at $41,000. Venturi Wealth Management LLC grew its holdings in shares of Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on VOYA. Bank of America restated an “underperform” rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Barclays lowered their target price on Voya Financial from $75.00 to $66.00 and set an “equal weight” rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Voya Financial from $79.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $80.92.

Voya Financial Trading Up 0.5 %

VOYA opened at $56.74 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. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The firm’s fifty day moving average is $66.49 and its two-hundred day moving average is $72.28. The firm has a market cap of $5.46 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s payout ratio is presently 29.41%.

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.