BNP Paribas Financial Markets Purchases 49,534 Shares of Voya Financial, Inc. (NYSE:VOYA)

BNP Paribas Financial Markets raised its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 87.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,412 shares of the asset manager's stock after acquiring an additional 49,534 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.11% of Voya Financial worth $7,324,000 at the end of the most recent quarter.

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

Voya Financial Price Performance

VOYA traded up $0.44 during trading on Friday, hitting $69.46. 724,638 shares of the company traded hands, compared to its average volume of 873,229. The stock's 50-day simple moving average is $62.83 and its two-hundred day simple moving average is $69.96. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a market cap of $6.68 billion, a PE ratio of 11.35, a P/E/G ratio of 0.48 and a beta of 0.95. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 EPS. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is presently 33.96%.

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of analyst reports. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Royal Bank of Canada cut their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. UBS Group decreased their price target on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $76.00 to $87.00 in a research report on Friday, February 28th. 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. Based on data from MarketBeat, Voya Financial has a consensus rating of "Hold" and a consensus target price of $82.08.

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.