Y Intercept Hong Kong Ltd Invests $3.49 Million in Voya Financial, Inc. (NYSE:VOYA)

Y Intercept Hong Kong Ltd purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,631 shares of the asset manager’s stock, valued at approximately $3,485,000. Y Intercept Hong Kong Ltd owned about 0.05% of Voya Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Wealthspire Advisors LLC lifted its holdings in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group lifted its holdings in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after purchasing an additional 169 shares during the period. CIBC Asset Management Inc lifted its holdings in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after purchasing an additional 177 shares during the period. Venturi Wealth Management LLC lifted its holdings in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares during the period. Finally, US Bancorp DE lifted its holdings in Voya Financial by 5.8% in the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after purchasing an additional 202 shares during the period. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VOYA. JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Evercore ISI cut their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Royal Bank of Canada cut their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company upped their price target on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.55.

Voya Financial Price Performance

NYSE VOYA opened at $71.97 on Monday. The stock’s 50-day moving average price is $70.10 and its two-hundred day moving average price is $74.39. 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 company has a market cap of $6.92 billion, a PE ratio of 11.76, a PEG ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data 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%. On average, analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.50%. Voya Financial’s 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.