Arizona State Retirement System Buys 1,591 Shares of Voya Financial, Inc. (NYSE:VOYA)

Arizona State Retirement System grew its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,571 shares of the asset manager’s stock after buying an additional 1,591 shares during the quarter. Arizona State Retirement System’s holdings in Voya Financial were worth $2,158,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VOYA. Trust Point Inc. bought a new stake in Voya Financial during the 4th quarter worth $224,000. Oak Thistle LLC boosted its stake in shares of Voya Financial by 6.0% during the fourth quarter. Oak Thistle LLC now owns 7,797 shares of the asset manager’s stock valued at $569,000 after purchasing an additional 439 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Voya Financial during the fourth quarter worth about $26,000. Pacer Advisors Inc. increased its stake in shares of Voya Financial by 76.0% in the fourth quarter. Pacer Advisors Inc. now owns 15,703 shares of the asset manager’s stock valued at $1,146,000 after buying an additional 6,780 shares during the period. Finally, Raymond James & Associates raised its holdings in Voya Financial by 64.4% in the 4th quarter. Raymond James & Associates now owns 160,235 shares of the asset manager’s stock valued at $11,691,000 after buying an additional 62,781 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Down 1.7 %

Shares of VOYA stock opened at $68.81 on Friday. The company has a market cap of $6.99 billion, a P/E ratio of 12.67, a PEG ratio of 0.42 and a beta of 1.06. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $77.78. The stock has a 50 day simple moving average of $70.00 and a two-hundred day simple moving average of $70.12. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The company had revenue of $236.00 million during the quarter, compared to analyst estimates of $304.66 million. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. Research analysts forecast that Voya Financial, Inc. will post 8.45 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.33%. Voya Financial’s dividend payout ratio (DPR) is presently 29.47%.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $82.00 target price on shares of Voya Financial in a report on Monday, January 8th. Morgan Stanley lowered their target price 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. StockNews.com raised Voya Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Royal Bank of Canada decreased their price target on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, Piper Sandler lifted their price objective on Voya Financial from $78.00 to $86.00 and gave the stock 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 company’s stock. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and an average target price of $82.50.

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.