Murphy & Mullick Capital Management Corp Invests $110,000 in Voya Financial, Inc. (NYSE:VOYA)

Murphy & Mullick Capital Management Corp bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,593 shares of the asset manager’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock valued at $445,487,000 after acquiring an additional 876,399 shares during the period. Impax Asset Management Group plc lifted its stake in shares of Voya Financial by 277.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. FMR LLC grew its holdings in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after purchasing an additional 592,523 shares during the period. GW&K Investment Management LLC increased its position in Voya Financial by 0.8% during the 4th quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager’s stock worth $69,722,000 after purchasing an additional 8,024 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Voya Financial in the fourth quarter valued at approximately $67,214,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VOYA has been the subject of several research reports. Evercore ISI decreased their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $76.00 to $87.00 in a report on Friday, February 28th. Keefe, Bruyette & Woods reduced their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada lowered their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.55.

Voya Financial Trading Up 0.3 %

VOYA opened at $70.02 on Thursday. The stock has a market capitalization of $6.69 billion, a PE ratio of 11.44, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 12-month low of $64.10 and a 12-month high of $84.30. The firm’s fifty day moving average price is $70.51 and its 200 day moving average price is $74.48.

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

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.57%. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

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.