GeoWealth Management LLC Grows Holdings in Voya Financial, Inc. (NYSE:VOYA)

GeoWealth Management LLC grew its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 446.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,591 shares of the asset manager’s stock after purchasing an additional 1,300 shares during the quarter. GeoWealth Management LLC’s holdings in Voya Financial were worth $110,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Impax Asset Management Group plc lifted its holdings in Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after buying an additional 2,131,578 shares in the last quarter. Norges Bank bought a new stake in shares of Voya Financial during the fourth quarter valued at approximately $96,508,000. Wealthfront Advisers LLC purchased a new stake in shares of Voya Financial in the fourth quarter valued at approximately $67,214,000. Bank of New York Mellon Corp grew its stake in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock worth $445,487,000 after purchasing an additional 876,399 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Voya Financial during the 4th quarter worth $47,155,000. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the subject of several research reports. Bank of America reiterated an “underperform” rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Royal Bank of Canada dropped their target price on shares of 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. cut their target price on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. UBS Group lowered their price target on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Voya Financial from $79.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $80.92.

Voya Financial Stock Performance

Shares of VOYA opened at $59.04 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.68 billion, a PE ratio of 9.65, a P/E/G ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The stock has a fifty day moving average price of $65.12 and a 200-day moving average price of $71.77.

Voya Financial (NYSE:VOYA) last announced its 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 net margin of 8.29% and a return on equity of 14.10%. Equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.05%. The ex-dividend date was Tuesday, February 25th. 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.