New York Life Investment Management LLC Grows Stock Position in Voya Financial, Inc. (NYSE:VOYA)

New York Life Investment Management LLC grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,974 shares of the asset manager’s stock after purchasing an additional 1,574 shares during the quarter. New York Life Investment Management LLC’s holdings in Voya Financial were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in shares of Voya Financial during the 4th quarter valued at about $26,000. Clearstead Advisors LLC purchased a new stake in shares of Voya Financial during the 3rd quarter valued at about $33,000. GAMMA Investing LLC purchased a new stake in shares of Voya Financial during the 4th quarter valued at about $49,000. Fifth Third Bancorp increased its position in shares of Voya Financial by 12.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 196 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new stake in shares of Voya Financial during the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 0.3 %

Shares of VOYA opened at $73.55 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $77.00. The company has a 50 day simple moving average of $70.16 and a two-hundred day simple moving average of $70.54. The firm has a market cap of $7.45 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 0.52 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.30. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.80 billion. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.69 EPS. On average, equities analysts expect that Voya Financial, Inc. will post 8.44 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Voya Financial’s dividend payout ratio is currently 22.73%.

Wall Street Analyst Weigh In

VOYA has been the subject of several analyst reports. Morgan Stanley reduced their target price on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Wells Fargo & Company increased their target price on shares of Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI increased their target price on shares of Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Piper Sandler increased their target price on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada reduced their target price on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $83.33.

About Voya Financial

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.