Bp Plc purchased a new stake in shares of Voya Financial Inc (NYSE:VOYA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,000 shares of the asset manager’s stock, valued at approximately $1,039,000.
Several other institutional investors and hedge funds have also recently modified their holdings of VOYA. Dimensional Fund Advisors LP lifted its stake in shares of Voya Financial by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,127 shares of the asset manager’s stock valued at $40,996,000 after acquiring an additional 91,731 shares during the period. Stifel Financial Corp lifted its stake in shares of Voya Financial by 75.6% during the second quarter. Stifel Financial Corp now owns 36,853 shares of the asset manager’s stock valued at $1,367,000 after acquiring an additional 15,862 shares during the period. HighTower Advisors LLC acquired a new position in shares of Voya Financial during the second quarter valued at $293,000. Janus Henderson Group PLC lifted its stake in shares of Voya Financial by 100.9% during the second quarter. Janus Henderson Group PLC now owns 43,590 shares of the asset manager’s stock valued at $1,608,000 after acquiring an additional 21,890 shares during the period. Finally, State Street Corp lifted its stake in shares of Voya Financial by 1.0% during the second quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock valued at $207,554,000 after acquiring an additional 56,189 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the company. BTIG Research reaffirmed a “buy” rating and set a $59.00 price target on shares of Voya Financial in a research note on Tuesday, January 2nd. Sandler O’Neill raised Voya Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Goldman Sachs Group started coverage on Voya Financial in a research note on Wednesday, October 18th. They issued a “buy” rating and a $46.00 target price on the stock. Wells Fargo & Co reissued a “buy” rating and issued a $58.00 target price on shares of Voya Financial in a research note on Friday, December 22nd. Finally, BidaskClub lowered Voya Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $52.18.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date is Tuesday, February 27th. Voya Financial’s payout ratio is -2.23%.
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Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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