Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Voya Financial, Inc. (NYSE:VOYA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,998 shares of the asset manager’s stock after purchasing an additional 2,316 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Voya Financial were worth $2,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. Vanguard Group Inc. grew its holdings in Voya Financial by 7.8% in the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock valued at $695,436,000 after purchasing an additional 752,851 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Voya Financial by 2.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock worth $115,621,000 after buying an additional 40,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Voya Financial by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,013 shares of the asset manager’s stock worth $44,057,000 after buying an additional 50,015 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Voya Financial by 1,722.3% during the third quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager’s stock valued at $40,718,000 after acquiring an additional 579,128 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Voya Financial by 67.4% in the third quarter. Invesco Ltd. now owns 423,702 shares of the asset manager’s stock valued at $28,155,000 after acquiring an additional 170,605 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Down 0.1 %

VOYA opened at $68.94 on Wednesday. The business’s 50 day moving average price is $69.70 and its 200 day moving average price is $70.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market capitalization of $6.99 billion, a PE ratio of 12.70, a P/E/G ratio of 0.46 and a beta of 1.06. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.50.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $304.66 million. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.42 EPS for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, February 26th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, February 23rd. Voya Financial’s dividend payout ratio is presently 29.47%.

Analysts Set New Price Targets

Several brokerages recently commented on VOYA. Royal Bank of Canada dropped their price target on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Piper Sandler increased their target price on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Morgan Stanley lowered their price target on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $82.00 price objective on shares of Voya Financial in a report on Monday, January 8th. Finally, Evercore ISI boosted their target price on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average target price of $82.50.

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.