Raymond James Financial Inc. Purchases Shares of 116,481 Voya Financial, Inc. (NYSE:VOYA)

Raymond James Financial Inc. purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 116,481 shares of the asset manager's stock, valued at approximately $8,018,000. Raymond James Financial Inc. owned 0.12% of Voya Financial at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VOYA. Barclays PLC grew its holdings in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after acquiring an additional 15,902 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Voya Financial during the 3rd quarter worth approximately $209,000. Retirement Systems of Alabama grew its holdings in shares of Voya Financial by 8.2% during the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager's stock worth $21,575,000 after acquiring an additional 20,750 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Voya Financial during the 4th quarter worth approximately $1,379,000. Finally, Oak Thistle LLC purchased a new position in shares of Voya Financial during the 4th quarter worth approximately $301,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

Wall Street Analysts Forecast Growth

VOYA has been the topic of a number of research analyst reports. Bank of America reiterated an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Wells Fargo & Company dropped their price target on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Royal Bank of Canada reduced their price objective on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Barclays reduced 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. Finally, JPMorgan Chase & Co. reduced their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. 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. According to MarketBeat.com, Voya Financial presently has a consensus rating of "Hold" and an average price target of $80.92.

Voya Financial Stock Up 1.2 %

VOYA traded up $0.68 during trading on Monday, hitting $59.72. 943,743 shares of the company's stock traded hands, compared to its average volume of 859,065. The company's 50 day simple moving average is $64.49 and its two-hundred day simple moving average is $71.39. 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, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.48 and a beta of 0.93.

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

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.01%. 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.