YHB Investment Advisors Inc. Decreases Position in Voya Financial, Inc. (NYSE:VOYA)

YHB Investment Advisors Inc. lowered its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 60.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,632 shares of the asset manager's stock after selling 22,208 shares during the quarter. YHB Investment Advisors Inc.'s holdings in Voya Financial were worth $1,068,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VOYA. Vanguard Group Inc. lifted its stake 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 purchasing an additional 752,851 shares during the period. Wellington Management Group LLP boosted its stake in shares of 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 acquiring an additional 519,701 shares during the last quarter. State Street Corp grew its position in shares of Voya Financial by 0.9% during the 3rd quarter. State Street Corp now owns 3,291,225 shares of the asset manager's stock valued at $199,119,000 after acquiring an additional 29,593 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $153,058,000 after acquiring an additional 80,147 shares during the period. Finally, Morgan Stanley increased its stake in shares of Voya Financial by 7.9% in the 4th quarter. Morgan Stanley now owns 2,009,400 shares of the asset manager's stock worth $123,558,000 after purchasing an additional 147,414 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

Voya Financial stock traded down $0.51 during midday trading on Friday, reaching $68.30. 716,487 shares of the stock traded hands, compared to its average volume of 984,739. The stock has a market cap of $6.94 billion, a P/E ratio of 12.58, a PEG ratio of 0.46 and a beta of 1.06. The stock's fifty day moving average is $69.93 and its 200-day moving average is $70.15. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month 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. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. The firm had revenue of $236.00 million during the quarter, compared to the consensus estimate of $304.66 million. As a group, equities research analysts anticipate that Voya Financial, Inc. will post 8.43 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.34%. Voya Financial's payout ratio is currently 29.47%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI boosted their price target on Voya Financial from $79.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley decreased their price objective on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating on the stock in a research report on Friday, March 1st. Piper Sandler upped 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, April 5th. Wells Fargo & Company increased their price target on Voya Financial from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Royal Bank of Canada lowered their price objective on Voya Financial from $85.00 to $83.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $82.50.

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.