Cookson Peirce & Co. Inc. Makes New Investment in Voya Financial, Inc. (NYSE:VOYA)

Cookson Peirce & Co. Inc. purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,657 shares of the asset manager’s stock, valued at approximately $559,000.

Other institutional investors also recently modified their holdings of the company. Chilton Capital Management LLC acquired a new stake in shares of Voya Financial during the 4th quarter worth approximately $26,000. Atlas Capital Advisors LLC grew its position in shares of Voya Financial by 48.4% during the 4th quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock worth $26,000 after buying an additional 136 shares during the period. Clearstead Advisors LLC acquired a new position in Voya Financial during the third quarter valued at approximately $33,000. Sunbelt Securities Inc. acquired a new position in Voya Financial during the first quarter valued at approximately $35,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Voya Financial during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA stock opened at $67.17 on Wednesday. The company’s fifty day simple moving average is $69.76 and its 200-day simple moving average is $70.18. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. The firm has a market cap of $6.81 billion, a PE ratio of 12.37, a P/E/G ratio of 0.45 and a beta of 1.06. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $77.78.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $236.00 million for 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%. Equities research analysts expect that Voya Financial, Inc. will post 8.42 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, February 26th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, February 23rd. Voya Financial’s dividend payout ratio is presently 29.47%.

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $82.00 price objective on shares of Voya Financial in a report on Monday, January 8th. Royal Bank of Canada decreased their price objective on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Evercore ISI lifted their price target on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Piper Sandler lifted their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $82.50.

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.