American Century Companies Inc. Purchases 1,730 Shares of Voya Financial, Inc. (NYSE:VOYA)

American Century Companies Inc. raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 46,855 shares of the asset manager’s stock after buying an additional 1,730 shares during the quarter. American Century Companies Inc.’s holdings in Voya Financial were worth $3,225,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VOYA. Wealthspire Advisors LLC grew its position in shares of Voya Financial by 5.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after buying an additional 148 shares during the period. Brooklyn Investment Group boosted its stake in 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 acquiring an additional 169 shares in the last quarter. CIBC Asset Management Inc grew its holdings 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 worth $228,000 after purchasing an additional 177 shares during the period. Jones Financial Companies Lllp grew its holdings in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after purchasing an additional 183 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Voya Financial by 13.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 184 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Down 9.4 %

Shares of NYSE:VOYA opened at $56.59 on Monday. Voya Financial, Inc. has a 1 year low of $55.23 and a 1 year high of $84.30. The company has a market capitalization of $5.41 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The business has a fifty day moving average price of $69.95 and a two-hundred day moving average price of $74.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 3.18%. Voya Financial’s payout ratio is 29.41%.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of recent research reports. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $76.00 to $87.00 in a report on Friday, February 28th. UBS Group decreased their target price on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Barclays cut shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Piper Sandler cut their target price 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. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.83.

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.