Y Intercept Hong Kong Ltd Takes Position in Voya Financial, Inc. (NYSE:VOYA)

Y Intercept Hong Kong Ltd bought a new stake in Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, Holdings Channel reports. The institutional investor bought 50,631 shares of the asset manager’s stock, valued at approximately $3,485,000.

A number of other large investors also recently made changes to their positions in VOYA. Wealthspire Advisors LLC increased its holdings in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after buying an additional 148 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Voya Financial by 7.1% in the fourth quarter. Handelsbanken Fonder AB now owns 25,700 shares of the asset manager’s stock worth $1,769,000 after buying an additional 1,700 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after buying an additional 201 shares during the last quarter. Truist Financial Corp increased its holdings in Voya Financial by 1.9% in the fourth quarter. Truist Financial Corp now owns 69,417 shares of the asset manager’s stock worth $4,778,000 after buying an additional 1,301 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VOYA. Barclays downgraded Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley dropped their price objective on Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.55.

Voya Financial Stock Down 2.2 %

Shares of VOYA stock opened at $71.97 on Monday. The stock has a market cap of $6.92 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a one year low of $64.10 and a one year high of $84.30. The stock has a fifty day moving average price of $70.10 and a 200 day moving average price of $74.39. 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 (NYSE:VOYA) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.50%. Voya Financial’s dividend payout ratio (DPR) is currently 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.