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

Voya Financial logo with Finance background

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.

View Our Latest Research Report on Voya Financial

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

(Free Report)

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.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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