Pinebridge Investments L.P. Raises Stake in Voya Financial, Inc. (NYSE:VOYA)

Pinebridge Investments L.P. grew its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and 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 reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after buying an additional 327 shares during the period. R Squared Ltd acquired a new stake in shares of Voya Financial during the fourth quarter worth $41,000. Venturi Wealth Management LLC lifted its stake in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after buying an additional 201 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after buying an additional 169 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Down 0.4 %

NYSE VOYA traded down $0.21 during trading hours on Thursday, hitting $58.99. 949,597 shares of the company were exchanged, compared to its average volume of 859,705. The company has a 50 day moving average of $63.96 and a two-hundred day moving average of $71.22. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VOYA. Wells Fargo & Company decreased their target price on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Barclays decreased their target price on shares of 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. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. UBS Group decreased their price objective on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, five have given 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 "Hold" and a consensus target price of $80.92.

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.