Catalyst Financial Partners LLC Reduces Stake in Voya Financial, Inc. (NYSE:VOYA)

Catalyst Financial Partners LLC decreased its stake in shares of Voya Financial, Inc. (NYSE:VOYAFree Report) by 7.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,356 shares of the asset manager’s stock after selling 258 shares during the period. Catalyst Financial Partners LLC’s holdings in Voya Financial were worth $231,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV lifted its holdings in Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock worth $646,000 after purchasing an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Voya Financial during the 4th quarter worth about $47,155,000. Barclays PLC lifted its holdings in Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock worth $3,872,000 after purchasing an additional 15,902 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in Voya Financial in the 4th quarter worth about $1,379,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Voya Financial by 420.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock worth $4,812,000 after acquiring an additional 52,032 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA opened at $74.98 on Friday. The stock’s 50 day simple moving average is $69.95 and its 200 day simple moving average is $74.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.46 and a beta of 1.05.

Voya Financial (NYSE:VOYAGet Free Report) last posted 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 return on equity of 14.10% and a net margin of 8.29%. As a group, analysts predict that Voya Financial, Inc. will post 8.95 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

Analysts Set New Price Targets

A number of brokerages have weighed in on VOYA. Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Piper Sandler decreased their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Bank of America restated a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.27.

Check Out Our Latest Report on Voya Financial

About Voya Financial

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.