Handelsbanken Fonder AB Decreases Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Handelsbanken Fonder AB cut its position in Voya Financial, Inc. (NYSE:VOYA) by 12.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,300 shares of the asset manager’s stock after selling 3,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Voya Financial were worth $1,627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VOYA. Signaturefd LLC boosted its stake in Voya Financial by 2.9% during the 4th quarter. Signaturefd LLC now owns 5,156 shares of the asset manager’s stock valued at $376,000 after acquiring an additional 147 shares during the last quarter. abrdn plc boosted its stake in Voya Financial by 109.9% during the 4th quarter. abrdn plc now owns 32,602 shares of the asset manager’s stock valued at $2,379,000 after acquiring an additional 17,067 shares during the last quarter. Greenleaf Trust boosted its stake in Voya Financial by 16.4% during the 4th quarter. Greenleaf Trust now owns 6,261 shares of the asset manager’s stock valued at $457,000 after acquiring an additional 883 shares during the last quarter. Xponance Inc. boosted its stake in Voya Financial by 5.5% during the 4th quarter. Xponance Inc. now owns 13,693 shares of the asset manager’s stock valued at $999,000 after acquiring an additional 710 shares during the last quarter. Finally, AIA Group Ltd bought a new position in Voya Financial during the 4th quarter valued at $1,717,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Stock Up 0.6 %

VOYA stock opened at $68.35 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $77.28. The firm’s 50-day simple moving average is $69.73 and its 200 day simple moving average is $70.29. The stock has a market cap of $6.93 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.46 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data 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. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. The business had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $304.66 million. As a group, sell-side analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. Voya Financial’s dividend payout ratio (DPR) is presently 29.47%.

Analyst Ratings Changes

A number of research analysts have commented on VOYA shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $82.00 price objective on shares of Voya Financial in a research note on Monday, January 8th. Evercore ISI increased their price objective 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. Morgan Stanley dropped their target price on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Wells Fargo & Company increased their target price on shares of Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Piper Sandler increased their target price on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.