Voya Financial, Inc. (NYSE:VOYA) Stake Trimmed by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,126 shares of the asset manager’s stock after selling 944 shares during the quarter. AlphaQuest LLC’s holdings in Voya Financial were worth $215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealthspire Advisors LLC grew its stake in Voya Financial by 5.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group grew its stake in Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 169 shares in the last quarter. CIBC Asset Management Inc grew its stake in Voya Financial by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock valued at $228,000 after acquiring an additional 177 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Voya Financial by 13.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 2.7 %

VOYA opened at $66.84 on Monday. The business has a 50 day moving average price of $70.44 and a 200 day moving average price of $74.62. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The firm has a market cap of $6.39 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. Research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.69%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 29.41%.

Analysts Set New Price Targets

Several research firms have weighed in on VOYA. JPMorgan Chase & Co. lowered their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Evercore ISI reduced their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods reduced their price target on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price target on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Six equities research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.55.

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.