Shelton Capital Management Has $255,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Shelton Capital Management trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,711 shares of the asset manager’s stock after selling 316 shares during the quarter. Shelton Capital Management’s holdings in Voya Financial were worth $255,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Voya Financial by 7.9% in the fourth quarter. Invesco Ltd. now owns 415,380 shares of the asset manager’s stock worth $28,591,000 after purchasing an additional 30,357 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in Voya Financial during the fourth quarter worth about $337,000. Cerity Partners LLC increased its position in shares of Voya Financial by 5.8% during the 4th quarter. Cerity Partners LLC now owns 51,174 shares of the asset manager’s stock worth $3,522,000 after purchasing an additional 2,785 shares during the last quarter. FMR LLC raised its stake in shares of Voya Financial by 10.5% during the 4th quarter. FMR LLC now owns 3,185,726 shares of the asset manager’s stock worth $219,274,000 after purchasing an additional 301,682 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Voya Financial by 6.6% in the 4th quarter. Russell Investments Group Ltd. now owns 162,957 shares of the asset manager’s stock valued at $11,216,000 after buying an additional 10,146 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VOYA. UBS Group cut their target price on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Piper Sandler reduced their target price 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. Wells Fargo & Company decreased their price target on shares of Voya Financial from $79.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Thursday. Barclays dropped their price target on Voya Financial from $75.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $80.92.

Voya Financial Price Performance

VOYA stock opened at $56.50 on Friday. The company’s 50-day moving average price is $68.02 and its two-hundred day moving average price is $73.08. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.40 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.48 and a beta of 0.93.

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

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

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.