Voya Financial, Inc. (NYSE:VOYA) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its holdings in Voya Financial, Inc. (NYSE:VOYA) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,849 shares of the asset manager’s stock after buying an additional 667 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Voya Financial were worth $1,504,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VOYA. R Squared Ltd purchased a new position in shares of Voya Financial in the 4th quarter valued at about $41,000. Venturi Wealth Management LLC boosted its holdings in Voya Financial by 45.0% in the fourth 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 position in Voya Financial in the third quarter valued at approximately $79,000. LRI Investments LLC increased its stake in Voya Financial by 780.5% in the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock valued at $85,000 after purchasing an additional 921 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in 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 purchasing an additional 148 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Price Performance

Shares of VOYA opened at $71.71 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average is $70.45 and its two-hundred day moving average is $74.57. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The firm has a market capitalization of $6.85 billion, a PE ratio of 11.72, a P/E/G ratio of 0.48 and a beta of 1.05.

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

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VOYA shares. Evercore ISI lowered their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Piper Sandler cut their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. UBS Group raised Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Bank of America reaffirmed a “neutral” rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. 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. Based on data from MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and an average price target 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.