Orion Portfolio Solutions LLC Raises Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Orion Portfolio Solutions LLC increased its stake in Voya Financial, Inc. (NYSE:VOYA) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,237 shares of the asset manager’s stock after purchasing an additional 305 shares during the period. Orion Portfolio Solutions LLC’s holdings in Voya Financial were worth $1,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of Voya Financial by 3.6% in the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock worth $22,561,000 after buying an additional 11,336 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Voya Financial by 420.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock valued at $4,812,000 after acquiring an additional 52,032 shares during the last quarter. KBC Group NV raised its position in Voya Financial by 260.5% during the fourth quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock valued at $646,000 after purchasing an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Voya Financial during the fourth quarter worth about $47,155,000. Finally, Barclays PLC boosted its holdings in shares of Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock worth $3,872,000 after purchasing an additional 15,902 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VOYA shares. Wells Fargo & Company raised 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. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Keefe, Bruyette & Woods reduced their target price on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Evercore ISI cut their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $82.83.

Voya Financial Stock Up 1.6 %

Shares of NYSE:VOYA opened at $69.06 on Thursday. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock’s 50-day moving average is $70.37 and its 200 day moving average is $74.31. The company has a market cap of $6.60 billion, a PE ratio of 11.28, a P/E/G ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS 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%. Sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

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.