Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,641 shares of the asset manager's stock after purchasing an additional 10,664 shares during the quarter. Pinebridge Investments L.P.'s holdings in Voya Financial were worth $2,453,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VOYA. Quantessence Capital LLC acquired a new stake in shares of Voya Financial in the 4th quarter worth $212,000. Tower Research Capital LLC TRC grew its position in Voya Financial by 218.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,424 shares of the asset manager's stock worth $580,000 after acquiring an additional 5,782 shares during the period. Mirova acquired a new stake in Voya Financial during the fourth quarter worth $292,000. MetLife Investment Management LLC raised its position in Voya Financial by 6.7% in the fourth quarter. MetLife Investment Management LLC now owns 54,275 shares of the asset manager's stock valued at $3,736,000 after purchasing an additional 3,404 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Voya Financial by 52.9% in the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after purchasing an additional 497,348 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Analyst Upgrades and Downgrades

VOYA has been the subject of a number of recent analyst reports. Barclays cut their price objective on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their price target on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Bank of America reaffirmed an "underperform" rating and set a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. UBS Group cut their target price on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their price target on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $80.92.

Voya Financial Stock Up 3.6 %

NYSE:VOYA traded up $2.11 during midday trading on Friday, hitting $61.11. 223,832 shares of the company were exchanged, compared to its average volume of 854,200. The company has a fifty day simple moving average of $63.71 and a 200 day simple moving average of $71.07. The company has a market capitalization of $5.88 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. 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 (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date 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.