Twin Capital Management Inc. purchased a new stake in Voya Financial, Inc. (NYSE:VOYA – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,296 shares of the asset manager’s stock, valued at approximately $916,000.
A number of other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in Voya Financial by 17.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock valued at $487,463,000 after purchasing an additional 977,870 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Voya Financial by 11.6% during the 3rd quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock worth $318,800,000 after acquiring an additional 444,059 shares in the last quarter. Boston Partners raised its position in shares of Voya Financial by 3.6% during the 3rd quarter. Boston Partners now owns 3,495,319 shares of the asset manager’s stock worth $261,436,000 after acquiring an additional 121,799 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Voya Financial by 6.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock worth $242,716,000 after acquiring an additional 219,130 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Voya Financial by 1.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,706,354 shares of the asset manager’s stock worth $201,596,000 after acquiring an additional 44,053 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.
Voya Financial Trading Down 0.0%
VOYA opened at $82.35 on Friday. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $84.00. The business’s 50 day moving average is $73.80 and its two-hundred day moving average is $73.45. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48.
Voya Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.3%. Voya Financial’s payout ratio is presently 28.40%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on VOYA. Morgan Stanley raised their target price on Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank Of Canada raised their target price on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Wells Fargo & Company raised their target price on Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Barclays raised their target price on Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group raised their target price on Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.40.
Get Our Latest Stock Report on Voya Financial
Voya Financial Company Profile
Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.
Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.
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