Park Avenue Securities LLC Acquires 1,594 Shares of Voya Financial, Inc. (NYSE:VOYA)

Park Avenue Securities LLC boosted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,610 shares of the asset manager’s stock after buying an additional 1,594 shares during the period. Park Avenue Securities LLC’s holdings in Voya Financial were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Voya Financial by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after purchasing an additional 38,438 shares in the last quarter. AQR Capital Management LLC raised its holdings in Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after purchasing an additional 148,810 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Voya Financial by 12.2% during the third quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager’s stock valued at $25,069,000 after buying an additional 34,413 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Voya Financial by 8.2% in the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock valued at $21,575,000 after buying an additional 20,750 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

VOYA has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada cut their price target on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Evercore ISI decreased their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Piper Sandler lowered their price objective 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. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $76.00 target price (down from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.73.

Voya Financial Trading Down 0.6 %

Shares of NYSE:VOYA opened at $69.55 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a 52-week low of $63.11 and a 52-week high of $84.30. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.48 and a beta of 1.05. The business has a 50-day moving average price of $73.42 and a 200-day moving average price of $74.18.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Equities analysts predict that Voya Financial, Inc. will post 7.33 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.59%. Voya Financial’s dividend payout ratio is presently 28.66%.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by corporate insiders.

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.