C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $4.81 Million Holdings in Voya Financial, Inc. (NYSE:VOYA)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 420.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,398 shares of the asset manager’s stock after buying an additional 52,032 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Voya Financial were worth $4,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Four Tree Island Advisory LLC bought a new position in shares of Voya Financial during the fourth quarter worth $4,243,000. Empowered Funds LLC lifted its holdings in Voya Financial by 20.7% during the fourth quarter. Empowered Funds LLC now owns 33,346 shares of the asset manager’s stock worth $2,295,000 after acquiring an additional 5,712 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in Voya Financial by 23.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 35,334 shares of the asset manager’s stock worth $2,432,000 after acquiring an additional 6,725 shares in the last quarter. Vest Financial LLC grew its stake in Voya Financial by 85.2% in the fourth quarter. Vest Financial LLC now owns 36,331 shares of the asset manager’s stock valued at $2,501,000 after acquiring an additional 16,719 shares during the period. Finally, Meritage Portfolio Management increased its holdings in shares of Voya Financial by 65.6% in the fourth quarter. Meritage Portfolio Management now owns 13,769 shares of the asset manager’s stock worth $948,000 after acquiring an additional 5,455 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VOYA shares. Barclays cut Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.27.

Voya Financial Trading Down 0.8 %

Shares of NYSE:VOYA opened at $73.41 on Thursday. The company’s 50-day moving average price is $70.23 and its two-hundred day moving average price is $74.10. Voya Financial, Inc. has a one year low of $64.10 and a one year high of $84.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock has a market capitalization of $7.06 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, equities analysts forecast that Voya Financial, Inc. will post 8.95 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 2.45%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

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.