Proficio Capital Partners LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 55,298 shares of the asset manager’s stock, valued at approximately $3,806,000.
Several other hedge funds have also recently made changes to their positions in the company. Wealthspire Advisors LLC grew its stake in Voya Financial by 5.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after purchasing an additional 169 shares during the period. CIBC Asset Management Inc boosted its position in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock valued at $228,000 after buying an additional 177 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Voya Financial by 13.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after buying an additional 184 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.
Voya Financial Stock Up 1.0 %
Shares of VOYA opened at $67.47 on Tuesday. The firm has a market cap of $6.44 billion, a P/E ratio of 11.02, a PEG ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The stock’s 50 day moving average is $70.42 and its two-hundred day moving average is $74.60. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.
Voya Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.67%. Voya Financial’s dividend payout ratio is currently 29.41%.
Wall Street Analyst Weigh In
Several analysts have recently commented on VOYA shares. Piper Sandler dropped 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. Bank of America reaffirmed a “neutral” rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Evercore ISI reduced their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Barclays downgraded Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised their target price on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average target price of $83.55.
Read Our Latest Stock Report on Voya Financial
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.
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