Greenleaf Trust Increases Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Greenleaf Trust raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 16.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,261 shares of the asset manager’s stock after buying an additional 883 shares during the period. Greenleaf Trust’s holdings in Voya Financial were worth $457,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VOYA. AIA Group Ltd acquired a new position in shares of Voya Financial in the 4th quarter worth approximately $1,717,000. DekaBank Deutsche Girozentrale boosted its position in Voya Financial by 2.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock valued at $115,621,000 after purchasing an additional 40,000 shares during the period. Arizona State Retirement System boosted its position in Voya Financial by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 27,980 shares of the asset manager’s stock valued at $1,859,000 after purchasing an additional 403 shares during the period. AQR Capital Management LLC boosted its position in Voya Financial by 141.0% during the 3rd quarter. AQR Capital Management LLC now owns 315,982 shares of the asset manager’s stock valued at $20,997,000 after purchasing an additional 184,864 shares during the period. Finally, Vanguard Group Inc. boosted its position in Voya Financial by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock valued at $695,436,000 after purchasing an additional 752,851 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com upgraded Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Wells Fargo & Company boosted their price objective on Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Morgan Stanley reduced their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $82.00 target price on shares of Voya Financial in a research note on Monday, January 8th. Finally, Piper Sandler lifted their target price on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.50.

Voya Financial Stock Down 0.1 %

VOYA opened at $68.94 on Wednesday. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.30. The stock’s fifty day moving average is $69.70 and its 200-day moving average is $70.27. The company has a market capitalization of $6.99 billion, a PE ratio of 12.70, a P/E/G ratio of 0.46 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. The company had revenue of $236.00 million for the quarter, compared to the consensus estimate of $304.66 million. On average, equities analysts predict that Voya Financial, Inc. will post 8.42 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, February 26th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, February 23rd. Voya Financial’s dividend payout ratio (DPR) is presently 29.47%.

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.