Voya Financial, Inc. (NYSE:VOYA) Stake Raised by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,614 shares of the asset manager’s stock after buying an additional 950 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Voya Financial were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after buying an additional 183 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after buying an additional 327 shares during the last quarter. R Squared Ltd bought a new stake in shares of Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC raised its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Voya Financial during the third quarter worth approximately $79,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 0.8 %

Voya Financial stock opened at $70.10 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth 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. The firm’s 50 day moving average price is $70.56 and its two-hundred day moving average price is $74.62.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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, research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

Analyst Upgrades and Downgrades

VOYA has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Bank of America reissued a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Royal Bank of Canada dropped their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Evercore ISI dropped their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.55.

About Voya Financial

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.