Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,335,463 shares of the asset manager's stock after buying an additional 168,777 shares during the period. Northern Trust Corp owned about 1.39% of Voya Financial worth $91,920,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VOYA. Impax Asset Management Group plc lifted its position in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. Norges Bank purchased a new position in shares of Voya Financial during the 4th quarter valued at approximately $96,508,000. Wealthfront Advisers LLC acquired a new stake in shares of Voya Financial during the fourth quarter worth approximately $67,214,000. Bank of New York Mellon Corp increased its stake 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 worth $445,487,000 after buying an additional 876,399 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in Voya Financial in the fourth quarter valued at $47,155,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VOYA shares. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Keefe, Bruyette & Woods lowered their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays set a $70.00 target price on Voya Financial in a report on Wednesday. UBS Group lowered their price target on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Bank of America restated an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $81.83.

Voya Financial Stock Performance

Shares of VOYA traded up $0.07 during midday trading on Friday, hitting $66.97. 672,431 shares of the stock traded hands, compared to its average volume of 870,811. The business's 50 day moving average price is $62.85 and its two-hundred day moving average price is $70.20. The firm has a market capitalization of $6.44 billion, a PE 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 quick ratio of 0.31 and a current ratio of 0.30. 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 earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Voya Financial's revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.77 EPS. Equities research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced 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 2.69%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is currently 29.41%.

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.