1,115,667 Shares in Voya Financial, Inc. $VOYA Purchased by Norges Bank

Norges Bank acquired a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, Holdings Channel reports. The fund acquired 1,115,667 shares of the asset manager’s stock, valued at approximately $83,106,000.

Several other large investors have also made changes to their positions in the business. Allworth Financial LP increased its stake in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Four Tree Island Advisory LLC increased its stake in Voya Financial by 0.5% during the fourth quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager’s stock valued at $2,423,000 after acquiring an additional 174 shares during the period. GAMMA Investing LLC increased its stake in Voya Financial by 7.8% during the fourth quarter. GAMMA Investing LLC now owns 2,976 shares of the asset manager’s stock valued at $222,000 after acquiring an additional 216 shares during the period. Geneos Wealth Management Inc. increased its stake in Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares during the period. Finally, Confluence Wealth Services Inc. increased its stake in Voya Financial by 1.4% during the fourth quarter. Confluence Wealth Services Inc. now owns 16,789 shares of the asset manager’s stock valued at $1,251,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Bank of America lowered their price target on Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company boosted their price target on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. UBS Group boosted their price target on Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings upgraded Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.20.

Voya Financial Trading Up 3.4%

VOYA stock opened at $86.76 on Friday. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $87.17. The firm has a market cap of $7.87 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.76 and a beta of 0.92. The business’s 50 day moving average is $77.14 and its 200-day moving average is $74.25. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $2.00 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Voya Financial, Inc. will post 9.56 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.2%. Voya Financial’s dividend payout ratio is 28.40%.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.