Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its stake in Voya Financial, Inc. (NYSE:VOYA) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,545 shares of the asset manager’s stock after purchasing an additional 282 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Voya Financial were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Voya Financial by 207.0% in 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 in the last quarter. R Squared Ltd acquired a new stake in Voya Financial in the 4th quarter worth approximately $41,000. Venturi Wealth Management LLC boosted its stake in Voya Financial by 45.0% in 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Voya Financial during the 3rd quarter valued at approximately $79,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $66.84 on Monday. The firm has a market cap of $6.39 billion, a PE ratio of 10.92, a PEG ratio of 0.48 and a beta of 1.03. The firm has a fifty day moving average of $70.44 and a 200 day moving average of $74.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a one year low of $64.10 and a one year high of $84.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results 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 return on equity of 14.10% and a net margin of 8.29%. As a group, research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 yield of 2.69%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Analysts Set New Price Targets

VOYA has been the subject of several research reports. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $76.00 to $87.00 in a research note on Friday, February 28th. Royal Bank of Canada decreased their price objective on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price objective on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Six investment 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’s stock. Based on data from MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and a consensus 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.