State Board of Administration of Florida Retirement System increased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) by 34.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,440 shares of the asset manager’s stock after purchasing an additional 42,705 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Voya Financial were worth $11,060,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in VOYA. Atlas Capital Advisors LLC lifted its holdings in Voya Financial by 48.4% in the 4th quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after buying an additional 136 shares in the last quarter. Clearstead Advisors LLC acquired a new position in Voya Financial in the 3rd quarter worth $33,000. Sunbelt Securities Inc. acquired a new position in Voya Financial in the 1st quarter worth $35,000. Brown Brothers Harriman & Co. acquired a new position in Voya Financial in the 1st quarter worth $36,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Voya Financial in the 2nd quarter worth $51,000. 96.10% of the stock is owned by hedge funds and other institutional investors.
Voya Financial Price Performance
Shares of NYSE:VOYA opened at $68.83 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.55. Voya Financial, Inc. has a fifty-two week low of $62.79 and a fifty-two week high of $78.11. The firm has a 50-day simple moving average of $72.25 and a 200 day simple moving average of $70.31. The company has a market cap of $7.19 billion, a PE ratio of 12.68, a P/E/G ratio of 0.37 and a beta of 1.08.
Voya Financial Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of Voya Financial from $91.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, October 17th. Royal Bank of Canada cut their target price on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. The Goldman Sachs Group restated a “neutral” rating and issued a $82.00 target price on shares of Voya Financial in a research note on Monday, January 8th. StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Finally, Morgan Stanley cut their target price on shares of Voya Financial from $84.00 to $79.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.89.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.
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