Kingsview Wealth Management LLC Boosts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Kingsview Wealth Management LLC raised its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 23.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,334 shares of the asset manager’s stock after buying an additional 6,725 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Voya Financial were worth $2,432,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Creative Planning boosted its stake in Voya Financial by 15.3% in the 2nd quarter. Creative Planning now owns 7,216 shares of the asset manager’s stock worth $513,000 after purchasing an additional 958 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Voya Financial in the second quarter worth about $319,000. UMB Bank n.a. lifted its stake in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Voya Financial during the third quarter valued at approximately $29,000. Finally, Trust Point Inc. bought a new stake in shares of Voya Financial during the third quarter valued at approximately $204,000. 96.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VOYA has been the topic of several analyst reports. Piper Sandler lowered their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada lowered their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Evercore ISI lowered their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $76.00 price target (down from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $82.18.

Voya Financial Stock Up 1.9 %

Shares of VOYA stock opened at $72.22 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The stock has a market cap of $6.95 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.46 and a beta of 1.05. The company has a 50 day simple moving average of $70.78 and a two-hundred day simple moving average of $74.10.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, research analysts expect that Voya Financial, Inc. will post 8.95 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

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.