Illinois Municipal Retirement Fund Has $3.17 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Illinois Municipal Retirement Fund raised its stake in Voya Financial, Inc. (NYSE:VOYA) by 21.1% in the 4th quarter, HoldingsChannel reports. The fund owned 46,073 shares of the asset manager’s stock after buying an additional 8,013 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Voya Financial were worth $3,171,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC boosted its position in 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 buying an additional 201 shares during the last quarter. Blue Trust Inc. boosted its position in Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after buying an additional 801 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Voya Financial in the 3rd quarter valued at $79,000. Finally, LRI Investments LLC raised its position in shares of Voya Financial by 780.5% during the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after acquiring an additional 921 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Stock Down 1.2 %

Shares of NYSE:VOYA opened at $69.69 on Thursday. The company has a 50 day moving average price of $70.27 and a two-hundred day moving average price of $74.43. 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 company has a market capitalization of $6.71 billion, a PE ratio of 11.39, a PEG ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30.

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

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays cut Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Wells Fargo & Company raised 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. JPMorgan Chase & Co. dropped their price target 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. Piper Sandler cut their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Finally, Morgan Stanley lowered their target price on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.55.

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.