Wells Fargo & Company MN Has $6.08 Million Position in Voya Financial, Inc. (NYSE:VOYA)

Wells Fargo & Company MN trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,308 shares of the asset manager’s stock after selling 4,466 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of Voya Financial worth $6,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. R Squared Ltd acquired a new position in shares of Voya Financial during the fourth quarter worth about $41,000. Venturi Wealth Management LLC grew its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after buying an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 169 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Trading Up 0.5 %

Shares of Voya Financial stock opened at $56.74 on Friday. The firm’s 50 day moving average is $66.49 and its 200 day moving average is $72.33. The firm has a market capitalization of $5.46 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

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

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 3.17%. Voya Financial’s dividend payout ratio is presently 29.41%.

Analyst Ratings Changes

Several equities analysts recently weighed in on VOYA shares. Wells Fargo & Company decreased their target price on shares of Voya Financial from $79.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their price objective on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. UBS Group lowered their price objective on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their target price on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Barclays lowered their price target on shares of Voya Financial from $75.00 to $66.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Voya Financial currently has a consensus rating of “Hold” and an average target price of $80.92.

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.