Voya Financial, Inc. (NYSE:VOYA) Position Increased by Truist Financial Corp

Truist Financial Corp increased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,417 shares of the asset manager’s stock after buying an additional 1,301 shares during the quarter. Truist Financial Corp owned about 0.07% of Voya Financial worth $4,778,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position 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 acquiring an additional 169 shares during the last quarter. CIBC Asset Management Inc grew its position in Voya Financial by 5.7% in the 4th 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 last quarter. US Bancorp DE increased its stake in shares of Voya Financial by 5.8% in the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after purchasing an additional 202 shares during the period. First Trust Direct Indexing L.P. raised its holdings in shares of Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock valued at $261,000 after buying an additional 210 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Voya Financial by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock worth $905,000 after buying an additional 245 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Down 2.2 %

NYSE:VOYA opened at $71.97 on Monday. The business’s fifty day moving average price is $70.10 and its 200 day moving average price is $74.39. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, sell-side analysts forecast 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 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 of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.50%. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VOYA. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Bank of America restated a “neutral” rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Morgan Stanley dropped their price target on Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.55.

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.