Swiss National Bank Reduces Holdings in Voya Financial, Inc. (NYSE:VOYA)

Swiss National Bank lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 193,400 shares of the asset manager’s stock after selling 3,300 shares during the quarter. Swiss National Bank’s holdings in Voya Financial were worth $13,312,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Voya Financial in the third quarter valued at $322,000. Meeder Asset Management Inc. acquired a new stake in shares of Voya Financial during the 3rd quarter worth about $597,000. Advisors Asset Management Inc. increased its position in shares of Voya Financial by 52.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,580 shares of the asset manager’s stock worth $917,000 after purchasing an additional 3,970 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in 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 buying an additional 38,438 shares during the period. Finally, Kingsview Wealth Management LLC lifted its position in Voya Financial by 15.2% in the third quarter. Kingsview Wealth Management LLC now owns 28,609 shares of the asset manager’s stock valued at $2,266,000 after buying an additional 3,782 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VOYA shares. Wells Fargo & Company lifted their price target on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $76.00 to $87.00 in a report on Friday, February 28th. Piper Sandler decreased their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Evercore ISI lowered their price target 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. Finally, Barclays downgraded Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Trading Up 1.3 %

VOYA opened at $68.56 on Thursday. The business has a fifty day moving average price of $70.40 and a 200 day moving average price of $74.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data 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%. Sell-side analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend 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.