Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 89.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,802 shares of the asset manager’s stock after acquiring an additional 3,212 shares during the period. Cerity Partners LLC’s holdings in Voya Financial were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VOYA. DekaBank Deutsche Girozentrale lifted its position in Voya Financial by 2.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock worth $115,621,000 after purchasing an additional 40,000 shares during the period. Arizona State Retirement System lifted its position in Voya Financial by 1.5% in the third quarter. Arizona State Retirement System now owns 27,980 shares of the asset manager’s stock worth $1,859,000 after purchasing an additional 403 shares during the period. AQR Capital Management LLC lifted its position in Voya Financial by 141.0% in the third quarter. AQR Capital Management LLC now owns 315,982 shares of the asset manager’s stock worth $20,997,000 after purchasing an additional 184,864 shares during the period. Vanguard Group Inc. lifted its position 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 worth $695,436,000 after purchasing an additional 752,851 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Voya Financial in the third quarter worth approximately $875,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Up 0.9 %

Shares of NYSE:VOYA opened at $69.58 on Thursday. The stock has a market capitalization of $7.05 billion, a PE ratio of 12.81, a P/E/G ratio of 0.46 and a beta of 1.06. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $77.28. The firm has a fifty day moving average price of $69.73 and a 200 day moving average price of $70.30. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.55.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $304.66 million. Analysts expect that Voya Financial, Inc. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VOYA shares. Piper Sandler upped their target price on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Royal Bank of Canada cut their price objective 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. Wells Fargo & Company increased their price objective on Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI increased their price objective on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley cut their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.