Oppenheimer Asset Management Inc. Grows Stake in Voya Financial, Inc. (NYSE:VOYA)

Oppenheimer Asset Management Inc. boosted its stake in Voya Financial, Inc. (NYSE:VOYA) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,849 shares of the asset manager’s stock after buying an additional 667 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Voya Financial were worth $1,504,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Voya Financial in the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC lifted its holdings in Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 201 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Voya Financial during the 3rd quarter worth $79,000. LRI Investments LLC boosted its stake in Voya Financial by 780.5% during the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after purchasing an additional 921 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in shares of Voya Financial by 5.3% during the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after buying an additional 148 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Down 0.8 %

Voya Financial stock opened at $71.71 on Tuesday. The company has a market capitalization of $6.85 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The firm has a 50 day moving average price of $70.45 and a 200 day moving average price of $74.57.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.51%. Voya Financial’s dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VOYA. JPMorgan Chase & Co. lowered their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company upped their price target on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $76.00 to $87.00 in a research report on Friday. Piper Sandler lowered their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and an average price target of $83.55.

Voya Financial 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.