Amundi Buys 38,169 Shares of Voya Financial, Inc. (NYSE:VOYA)

Amundi increased its position in Voya Financial, Inc. (NYSE:VOYA) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,070 shares of the asset manager’s stock after purchasing an additional 38,169 shares during the period. Amundi owned approximately 0.25% of Voya Financial worth $16,206,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Voya Financial in the fourth quarter worth approximately $8,018,000. Proficio Capital Partners LLC purchased a new stake in Voya Financial during the 4th quarter valued at $3,806,000. Atria Investments Inc boosted its stake in Voya Financial by 3.6% during the 4th quarter. Atria Investments Inc now owns 6,840 shares of the asset manager’s stock valued at $471,000 after purchasing an additional 236 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in shares of Voya Financial by 12.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 8,614 shares of the asset manager’s stock worth $593,000 after purchasing an additional 950 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Voya Financial by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock worth $22,561,000 after purchasing an additional 11,336 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VOYA shares. Keefe, Bruyette & Woods reduced their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada cut their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Piper Sandler dropped their price target 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. Finally, Evercore ISI reduced their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.55.

Voya Financial Stock Down 1.7 %

NYSE VOYA opened at $64.97 on Friday. The stock’s 50-day moving average price is $70.56 and its 200-day moving average price is $74.62. The company has a market capitalization of $6.21 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. 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 52 week low of $64.10 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate 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, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.77%. Voya Financial’s dividend payout ratio is presently 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.