Invesco Ltd. Has $28.59 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Invesco Ltd. increased its stake in Voya Financial, Inc. (NYSE:VOYA) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,380 shares of the asset manager’s stock after purchasing an additional 30,357 shares during the period. Invesco Ltd. owned 0.43% of Voya Financial worth $28,591,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after purchasing an additional 327 shares during the last quarter. R Squared Ltd bought a new stake in Voya Financial during the 4th quarter worth about $41,000. Venturi Wealth Management LLC lifted its position in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 201 shares during the period. Finally, Brooklyn Investment Group boosted its stake in shares of Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Up 0.5 %

Voya Financial stock opened at $56.74 on Friday. The company has a 50 day moving average of $66.84 and a 200-day moving average of $72.53. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The stock has a market capitalization of $5.46 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VOYA shares. Keefe, Bruyette & Woods dropped their price target on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $76.00 to $87.00 in a research note on Friday, February 28th. Wells Fargo & Company decreased their price objective on Voya Financial from $79.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut their target price on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Voya Financial currently has an average rating of “Hold” and an average target price of $80.92.

Voya Financial 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.