SageView Advisory Group LLC Takes Position in Voya Financial, Inc. (NYSE:VOYA)

SageView Advisory Group LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,888 shares of the asset manager’s stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position 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 valued at $28,000 after purchasing an additional 183 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after buying an additional 327 shares in the last quarter. R Squared Ltd acquired a new position in Voya Financial in the fourth quarter worth approximately $41,000. Venturi Wealth Management LLC increased its holdings in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 169 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VOYA. JPMorgan Chase & Co. cut their target price on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Bank of America restated an “underperform” rating and set a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. UBS Group decreased their target price on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company dropped their target price on shares of Voya Financial from $79.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Voya Financial presently has an average rating of “Hold” and an average target price of $80.92.

Voya Financial Stock Up 0.2 %

VOYA stock opened at $57.66 on Wednesday. The company has a 50 day moving average of $67.46 and a two-hundred day moving average of $72.79. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month 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.

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, equities analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 3.12%. Voya Financial’s 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.