Four Tree Island Advisory LLC Purchases New Holdings in Voya Financial, Inc. (NYSE:VOYA)

Four Tree Island Advisory LLC acquired a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 61,639 shares of the asset manager’s stock, valued at approximately $4,243,000. Voya Financial makes up 2.9% of Four Tree Island Advisory LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning increased its position in Voya Financial by 15.3% in the 2nd quarter. Creative Planning now owns 7,216 shares of the asset manager’s stock valued at $513,000 after acquiring an additional 958 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Voya Financial during the second quarter worth about $319,000. UMB Bank n.a. lifted its stake in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the third quarter valued at $29,000. Finally, Trust Point Inc. bought a new position in shares of Voya Financial during the third quarter worth approximately $204,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Up 1.9 %

NYSE:VOYA opened at $72.22 on Monday. The company has a market cap of $6.95 billion, a P/E ratio of 11.80, a P/E/G ratio of 0.46 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 company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The stock’s fifty day moving average price is $70.78 and its two-hundred day moving average price is $74.10.

Voya Financial (NYSE:VOYA) last posted its earnings results 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%. As a group, analysts expect that Voya Financial, Inc. will post 8.95 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. Stockholders 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 dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VOYA. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price 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 reissued an “equal weight” rating and issued a $76.00 price target (down previously from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Piper Sandler dropped 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, Royal Bank of Canada decreased their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.18.

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.