Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Voya Financial, Inc. (NYSE:VOYA) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,181 shares of the asset manager’s stock after acquiring an additional 2,581 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Voya Financial were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. grew its position in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd acquired a new stake in Voya Financial during the 4th quarter worth about $41,000. Venturi Wealth Management LLC grew its position in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in Voya Financial during the 3rd quarter worth about $79,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several analyst reports. Piper Sandler cut their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Bank of America reaffirmed a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods cut their price target on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.55.

Voya Financial Trading Up 1.0 %

Shares of Voya Financial stock opened at $67.47 on Tuesday. The firm has a market capitalization of $6.44 billion, a PE ratio of 11.02, a P/E/G ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The firm’s 50-day moving average price is $70.42 and its 200 day moving average price 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 issued its quarterly earnings results 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%. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio is presently 29.41%.

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.