Raymond James & Associates Grows Position in Voya Financial, Inc. (NYSE:VOYA)

Raymond James & Associates raised its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 64.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,235 shares of the asset manager's stock after purchasing an additional 62,781 shares during the period. Raymond James & Associates owned approximately 0.15% of Voya Financial worth $11,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Voya Financial by 1.6% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 290,251 shares of the asset manager's stock valued at $21,177,000 after buying an additional 4,561 shares in the last quarter. Vanguard Group Inc. grew its stake in Voya Financial by 7.8% during the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager's stock valued at $695,436,000 after acquiring an additional 752,851 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Voya Financial by 93.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,572 shares of the asset manager's stock valued at $2,231,000 after purchasing an additional 16,207 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Voya Financial during the third quarter valued at approximately $655,000. Finally, Graham Capital Management L.P. lifted its holdings in shares of Voya Financial by 9.7% in the 3rd quarter. Graham Capital Management L.P. now owns 84,005 shares of the asset manager's stock worth $5,582,000 after acquiring an additional 7,400 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on VOYA shares. Royal Bank of Canada reduced their price objective on shares of Voya Financial from $85.00 to $83.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Piper Sandler increased their target price on shares of Voya Financial from $78.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday. The Goldman Sachs Group reissued a "neutral" rating and issued a $82.00 target price on shares of Voya Financial in a report on Monday, January 8th. Morgan Stanley lowered their target price on Voya Financial from $79.00 to $78.00 and set an "overweight" rating for the company in a research report on Friday, March 1st. Finally, StockNews.com upgraded Voya Financial from a "sell" rating to a "hold" rating in a research report on Saturday, December 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $82.11.

Voya Financial Stock Performance

Shares of NYSE:VOYA traded up $0.34 during trading on Friday, reaching $71.12. The company had a trading volume of 969,090 shares, compared to its average volume of 903,564. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 0.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.30 and a quick ratio of 0.30. The stock's fifty day moving average price is $70.16 and its 200 day moving average price is $70.08. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $77.78.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.02. The firm had revenue of $236.00 million for the quarter, compared to the consensus estimate of $304.66 million. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, February 26th were paid a $0.40 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.60 annualized dividend and a yield of 2.25%. Voya Financial's payout ratio is currently 29.47%.

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.