AQR Capital Management LLC Increases Stock Position in Voya Financial, Inc. (NYSE:VOYA)

AQR Capital Management LLC boosted its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 514,878 shares of the asset manager's stock after acquiring an additional 11,804 shares during the period. AQR Capital Management LLC owned 0.54% of Voya Financial worth $35,439,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. raised its stake in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. Quarry LP purchased a new stake in shares of Voya Financial during the 4th quarter valued at $37,000. R Squared Ltd purchased a new position in shares of Voya Financial in the 4th quarter worth about $41,000. Finally, Venturi Wealth Management LLC grew its position in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the subject of a number of recent research reports. Bank of America reissued an "underperform" rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Barclays reduced their target price on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Finally, Royal Bank of Canada lowered their price objective on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Voya Financial has an average rating of "Hold" and an average price target of $80.92.

Voya Financial Stock Performance

Shares of VOYA traded down $0.44 on Monday, reaching $60.64. The company's stock had a trading volume of 581,889 shares, compared to its average volume of 856,046. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The stock's 50 day simple moving average is $63.34 and its two-hundred day simple moving average is $70.60. 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 has a market capitalization of $5.83 billion, a P/E ratio of 9.91, a PEG ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results 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 net margin of 8.29% and a return on equity of 14.10%. Research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) 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.