Greenleaf Trust Increases Stake in Voya Financial, Inc. (NYSE:VOYA)

Greenleaf Trust lifted its stake in Voya Financial, Inc. (NYSE:VOYA) by 16.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,261 shares of the asset manager’s stock after purchasing an additional 883 shares during the quarter. Greenleaf Trust’s holdings in Voya Financial were worth $457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fifth Third Bancorp raised its position in Voya Financial by 12.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager’s stock worth $118,000 after buying an additional 196 shares during the last quarter. Securian Asset Management Inc. raised its position in Voya Financial by 2.6% during the 3rd quarter. Securian Asset Management Inc. now owns 8,959 shares of the asset manager’s stock worth $595,000 after buying an additional 225 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Voya Financial by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 44,391 shares of the asset manager’s stock worth $2,950,000 after buying an additional 225 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its position in Voya Financial by 1.7% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,529 shares of the asset manager’s stock worth $899,000 after buying an additional 230 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Voya Financial by 1.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 24,301 shares of the asset manager’s stock worth $1,615,000 after buying an additional 280 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Down 0.1 %

Shares of VOYA opened at $68.94 on Wednesday. The firm has a market cap of $6.99 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 0.46 and a beta of 1.06. Voya Financial, Inc. has a 12-month low of $63.02 and a 12-month high of $77.50. The company’s 50-day moving average price is $69.70 and its 200 day moving average price is $70.27. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.55.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The company had revenue of $236.00 million for the quarter, compared to analyst estimates of $304.66 million. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. On average, sell-side analysts forecast that Voya Financial, Inc. will post 8.42 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, February 26th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. Voya Financial’s dividend payout ratio (DPR) is presently 29.47%.

Analyst Ratings Changes

VOYA has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price target on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Piper Sandler raised their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Wells Fargo & Company raised their price objective on shares of Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI raised their price objective on shares of Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, StockNews.com raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.50.

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.