Voya Financial, Inc. (NYSE:VOYA) Position Boosted by Xponance Inc.

Xponance Inc. raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.5% during the 4th quarter, Holdings Channel reports. The fund owned 13,115 shares of the asset manager’s stock after purchasing an additional 684 shares during the period. Xponance Inc.’s holdings in Voya Financial were worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Voya Financial Stock Up 1.7 %

VOYA stock opened at $69.06 on Tuesday. 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 firm has a market capitalization of $6.60 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30. The company’s 50 day simple moving average is $70.46 and its 200-day simple moving average is $74.51.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 yield of 2.61%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

VOYA has been the topic of several recent analyst reports. Bank of America reissued a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Piper Sandler cut their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Six 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. According to MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $83.55.

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.