Voya Financial, Inc. (NYSE:VOYA) Holdings Raised by Point72 Asset Management L.P.

Point72 Asset Management L.P. raised its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 95.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,582 shares of the asset manager's stock after buying an additional 13,968 shares during the period. Point72 Asset Management L.P.'s holdings in Voya Financial were worth $1,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after buying an additional 183 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after acquiring an additional 327 shares in the last quarter. Quarry LP bought a new stake in Voya Financial in the fourth quarter worth approximately $37,000. R Squared Ltd acquired a new position in shares of Voya Financial during the 4th quarter worth $41,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Trading Down 3.1%

Shares of Voya Financial stock opened at $66.98 on Thursday. The company's fifty day simple moving average is $63.02 and its 200-day simple moving average is $69.64. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 10.94, a PEG 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, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30.

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

Voya Financial Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 annualized dividend and a yield of 2.69%. Voya Financial's dividend payout ratio is 33.96%.

Analyst Ratings Changes

Several research firms recently issued reports on VOYA. Wells Fargo & Company lifted their price objective 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. Royal Bank of Canada reduced their price target on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Barclays set a $70.00 price objective on Voya Financial in a report on Wednesday, May 7th. Morgan Stanley raised their price objective on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. One investment 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.com, Voya Financial has an average rating of "Hold" and an average target price of $82.00.

Voya Financial Company 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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