Voya Financial, Inc. (NYSE:VOYA) Position Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,610,199 shares of the asset manager's stock after acquiring an additional 40,000 shares during the quarter. DekaBank Deutsche Girozentrale owned 1.54% of Voya Financial worth $115,621,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Voya Financial by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager's stock worth $695,436,000 after acquiring an additional 752,851 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Voya Financial by 7.5% during the 1st quarter. Wellington Management Group LLP now owns 7,488,929 shares of the asset manager's stock worth $496,890,000 after buying an additional 519,701 shares in the last quarter. State Street Corp lifted its holdings in Voya Financial by 0.9% during the 3rd quarter. State Street Corp now owns 3,291,225 shares of the asset manager's stock worth $199,119,000 after buying an additional 29,593 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Voya Financial by 3.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,571,104 shares of the asset manager's stock worth $153,058,000 after buying an additional 80,147 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Voya Financial by 7.9% during the 4th quarter. Morgan Stanley now owns 2,009,400 shares of the asset manager's stock worth $123,558,000 after buying an additional 147,414 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Up 0.5 %

Shares of NYSE VOYA traded up $0.34 during mid-day trading on Friday, reaching $71.12. The company had a trading volume of 969,090 shares, compared to its average volume of 1,071,492. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.55. The firm has a 50 day simple moving average of $70.16 and a two-hundred day simple moving average of $70.09. The stock has a market cap of $7.23 billion, a P/E ratio of 13.10, a PEG ratio of 0.42 and a beta of 1.06. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $77.78.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, February 6th. The asset manager reported $1.97 EPS 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 net margin of 8.51% and a return on equity of 16.60%. Sell-side analysts predict that Voya Financial, Inc. will post 8.42 earnings per share for the current year.

Voya Financial Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.