Pinebridge Investments L.P. Increases Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Pinebridge Investments L.P. boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,641 shares of the asset manager’s stock after acquiring an additional 10,664 shares during the period. Pinebridge Investments L.P.’s holdings in Voya Financial were worth $2,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Impax Asset Management Group plc grew its holdings in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock worth $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. Norges Bank purchased a new position in Voya Financial in the 4th quarter worth approximately $96,508,000. Wealthfront Advisers LLC bought a new position in shares of Voya Financial in the 4th quarter worth $67,214,000. Bank of New York Mellon Corp raised its position in shares of Voya Financial by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock valued at $445,487,000 after buying an additional 876,399 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Voya Financial during the 4th quarter worth $47,155,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

NYSE VOYA opened at $59.00 on Friday. The business’s fifty day moving average is $64.78 and its 200 day moving average is $71.58. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. 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 $5.68 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93.

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 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%. Sell-side analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 3.05%. Voya Financial’s payout ratio is 29.41%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VOYA shares. JPMorgan Chase & Co. reduced their target price on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Bank of America reissued an “underperform” rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. UBS Group cut their target price on Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Barclays decreased their price target on shares of Voya Financial from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Finally, 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 report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $80.92.

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.