International Assets Investment Management LLC Buys New Holdings in Voya Financial, Inc. (NYSE:VOYA)

International Assets Investment Management LLC bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,777 shares of the asset manager’s stock, valued at approximately $713,000.

Other institutional investors also recently bought and sold shares of the company. 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 valued at $118,000 after purchasing 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 valued at $595,000 after purchasing 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 valued at $2,950,000 after purchasing 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 valued at $899,000 after purchasing 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 valued at $1,615,000 after purchasing an additional 280 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Voya Financial stock opened at $69.58 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $7.05 billion, a P/E ratio of 12.81, a PEG ratio of 0.46 and a beta of 1.06. The stock’s 50 day moving average is $69.73 and its 200 day moving average is $70.30. Voya Financial, Inc. has a twelve month low of $63.02 and a twelve month high of $77.28.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley lowered their price target on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Royal Bank of Canada lowered their price target on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Wells Fargo & Company increased their target price on Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI increased their target price on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, StockNews.com raised Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.50.

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.