Quantinno Capital Management LP Has $2.03 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Quantinno Capital Management LP grew its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 89.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,476 shares of the asset manager's stock after acquiring an additional 13,918 shares during the period. Quantinno Capital Management LP's holdings in Voya Financial were worth $2,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Voya Financial by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock valued at $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 grew its holdings in shares of Voya Financial by 420.8% during 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 worth $4,812,000 after purchasing an additional 52,032 shares during the last quarter. KBC Group NV grew its holdings in shares of Voya Financial by 260.5% during the fourth quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock worth $646,000 after purchasing an additional 6,781 shares during the last quarter. Barclays PLC increased its stake in shares of Voya Financial by 48.2% in the third quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock valued at $3,872,000 after buying an additional 15,902 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada reduced their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company increased their price target on shares of Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. UBS Group lowered their price target 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. Finally, Barclays set a $70.00 price objective on shares of Voya Financial in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $82.00.

Voya Financial Trading Down 3.1%

VOYA opened at $66.98 on Thursday. The firm has a 50 day simple moving average of $63.02 and a 200 day simple moving average of $69.64. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating the consensus estimate of $1.59 by $0.56. The company had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. Voya Financial's payout ratio is currently 33.96%.

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.

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