Skandinaviska Enskilda Banken AB publ Makes New $192,000 Investment in Voya Financial, Inc. (NYSE:VOYA)

Skandinaviska Enskilda Banken AB publ bought a new stake in Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,800 shares of the asset manager’s stock, valued at approximately $192,000.

Other institutional investors also recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Voya Financial by 420.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock valued at $4,812,000 after purchasing an additional 52,032 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Voya Financial by 3.6% in the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock valued at $22,561,000 after purchasing an additional 11,336 shares in the last quarter. KBC Group NV raised its position in shares of Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock valued at $646,000 after acquiring an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Voya Financial during the 4th quarter valued at approximately $47,155,000. Finally, Barclays PLC raised its position in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock valued at $3,872,000 after acquiring an additional 15,902 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VOYA has been the topic of several research reports. Royal Bank of Canada dropped their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Evercore ISI dropped their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. 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. Bank of America reissued a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Finally, Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.55.

Voya Financial Trading Up 0.3 %

NYSE:VOYA opened at $67.64 on Wednesday. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.48 and a beta of 1.03. The business has a fifty day moving average of $70.40 and a 200-day moving average of $74.58. 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 (NYSE:VOYA) last released its quarterly 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%. Equities analysts predict 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. Stockholders of record on Tuesday, February 25th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. Voya Financial’s payout ratio 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.