Wealthfront Advisers LLC Invests $67.21 Million in Voya Financial, Inc. (NYSE:VOYA)

Wealthfront Advisers LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 976,529 shares of the asset manager’s stock, valued at approximately $67,214,000. Wealthfront Advisers LLC owned about 1.01% of Voya Financial as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthspire Advisors LLC raised its holdings in shares of Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group increased its stake in Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after buying an additional 169 shares during the last quarter. CIBC Asset Management Inc lifted its position in Voya Financial by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Voya Financial by 13.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on VOYA shares. UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. 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 report on Wednesday, February 19th. Piper Sandler lowered their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Keefe, Bruyette & Woods cut their price target 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. Finally, 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 report on Tuesday, January 7th. Six research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.55.

Voya Financial Stock Performance

NYSE:VOYA opened at $68.19 on Tuesday. The stock has a 50 day simple moving average of $70.65 and a 200 day simple moving average of $74.68. The stock has a market cap of $6.51 billion, a P/E ratio of 11.14, a PEG ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. 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 posted its 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 return on equity of 14.10% and a net margin of 8.29%. Research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given 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 2.64%. Voya Financial’s dividend payout ratio is 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.