Pictet Asset Management Holding SA Raises Position in Voya Financial, Inc. (NYSE:VOYA)

Pictet Asset Management Holding SA lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,178 shares of the asset manager’s stock after buying an additional 782 shares during the period. Pictet Asset Management Holding SA’s holdings in Voya Financial were worth $907,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VOYA. Bank of New York Mellon Corp boosted its holdings in Voya Financial by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock worth $445,487,000 after acquiring an additional 876,399 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. Norges Bank purchased a new position in Voya Financial during the fourth quarter worth about $96,508,000. GW&K Investment Management LLC grew its position in Voya Financial by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager’s stock worth $69,722,000 after purchasing an additional 8,024 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Voya Financial in the 4th quarter valued at about $67,214,000. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VOYA shares. Evercore ISI reduced their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada lowered their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Piper Sandler reduced their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $82.83.

Voya Financial Stock Down 9.4 %

VOYA opened at $56.59 on Monday. The business’s fifty day simple moving average is $69.95 and its 200 day simple moving average is $74.05. Voya Financial, Inc. has a 52 week low of $55.23 and a 52 week high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.41 billion, a PE ratio of 9.25, a P/E/G ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced 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%. As a group, research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

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

Voya Financial 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.