Geode Capital Management LLC Purchases 70,208 Shares of Voya Financial, Inc. $VOYA

Geode Capital Management LLC boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,827,362 shares of the asset manager’s stock after acquiring an additional 70,208 shares during the quarter. Geode Capital Management LLC’s holdings in Voya Financial were worth $136,146,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Voya Financial during the 4th quarter valued at about $33,000. Systematic Financial Management LP bought a new position in Voya Financial during the 4th quarter valued at about $37,000. Rothschild Investment LLC grew its holdings in Voya Financial by 5,180.0% during the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 518 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Voya Financial by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America cut their price target on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $89.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. TD Cowen began coverage on shares of Voya Financial in a research report on Monday, April 20th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.30.

Voya Financial Price Performance

Voya Financial stock opened at $83.92 on Friday. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $84.27. The firm has a 50-day moving average of $76.76 and a two-hundred day moving average of $74.16.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.24. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 EPS. On average, research analysts forecast that Voya Financial, Inc. will post 9.56 earnings per share for the current year.

Voya Financial Dividend Announcement

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

Voya Financial Company 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.