Voya Financial, Inc. (NYSE:VOYA) Stock Holdings Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 9.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,291 shares of the asset manager’s stock after selling 2,953 shares during the quarter. Corient Private Wealth LLC’s holdings in Voya Financial were worth $1,947,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after acquiring an additional 327 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC lifted its position in shares of Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Voya Financial in the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Price Performance

NYSE VOYA opened at $69.06 on Tuesday. 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 stock has a market capitalization of $6.60 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 12-month low of $64.10 and a 12-month high of $84.30. The company has a 50 day moving average price of $70.46 and a two-hundred day moving average price of $74.51.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, equities analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VOYA shares. Wells Fargo & Company boosted their target price on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods dropped their price target on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada decreased their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.55.

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.