Proficio Capital Partners LLC Invests $3.81 Million in Voya Financial, Inc. (NYSE:VOYA)

Proficio Capital Partners LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) 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 (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (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 predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

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.

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.