Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 218.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,424 shares of the asset manager's stock after purchasing an additional 5,782 shares during the quarter. Tower Research Capital LLC TRC's holdings in Voya Financial were worth $580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its position in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. grew its stake in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Voya Financial during the fourth quarter worth approximately $41,000. Venturi Wealth Management LLC raised its holdings in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after acquiring an additional 169 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

NYSE VOYA traded up $2.10 during trading on Friday, reaching $61.10. The company's stock had a trading volume of 779,890 shares, compared to its average volume of 856,011. The business's fifty day moving average price is $63.52 and its 200-day moving average price is $70.93. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.48 and a beta of 0.95.

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

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is presently 29.41%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VOYA. Wells Fargo & Company reduced their price objective on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Bank of America reaffirmed an "underperform" rating and set a $71.00 price objective (down 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 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.