Skandinaviska Enskilda Banken AB publ Buys New Position in Voya Financial, Inc. (NYSE:VOYA)

Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,800 shares of the asset manager’s stock, valued at approximately $192,000.

Several other hedge funds have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of 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 purchasing an additional 876,399 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Voya Financial by 277.8% during the fourth 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 during the last quarter. FMR LLC lifted its stake in Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after acquiring an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Voya Financial by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after acquiring an additional 38,438 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Voya Financial by 0.8% in 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 acquiring an additional 8,024 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VOYA has been the subject of several research analyst reports. Evercore ISI reduced their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their price objective 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. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Piper Sandler reduced their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.55.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $67.64 on Wednesday. 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 $6.46 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 0.48 and a beta of 1.03. The business’s 50-day simple moving average is $70.40 and its 200-day simple moving average is $74.58. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio is 29.41%.

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.