Alaska Permanent Fund Corp Has $2.40 Million Stake in Voya Financial, Inc. (NYSE:VOYA)

Alaska Permanent Fund Corp grew its position in Voya Financial, Inc. (NYSE:VOYA) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,886 shares of the asset manager’s stock after purchasing an additional 386 shares during the period. Alaska Permanent Fund Corp’s holdings in Voya Financial were worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in Voya Financial during the fourth quarter worth approximately $26,000. Clearstead Advisors LLC bought a new stake in Voya Financial during the third quarter worth $33,000. GAMMA Investing LLC bought a new stake in Voya Financial during the fourth quarter worth $49,000. Fifth Third Bancorp lifted its stake in Voya Financial by 12.5% during the third quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager’s stock worth $118,000 after purchasing an additional 196 shares during the last quarter. Finally, Mutual Advisors LLC bought a new stake in Voya Financial during the third quarter worth $201,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Down 1.0 %

Voya Financial stock traded down $0.71 during trading hours on Thursday, reaching $68.88. 30,491 shares of the company’s stock were exchanged, compared to its average volume of 873,592. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. The firm’s 50 day simple moving average is $69.73 and its 200 day simple moving average is $70.30. Voya Financial, Inc. has a twelve month low of $63.02 and a twelve month high of $77.28. The firm has a market capitalization of $6.98 billion, a PE ratio of 12.81, a PEG ratio of 0.46 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. Voya Financial had a return on equity of 16.60% and a net margin of 8.51%. The firm had revenue of $236.00 million during the quarter, compared to the consensus estimate of $304.66 million. Research analysts predict that Voya Financial, Inc. will post 8.42 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.60 annualized dividend and a dividend yield of 2.32%. Voya Financial’s dividend payout ratio is presently 29.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VOYA shares. Morgan Stanley cut their target price on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. StockNews.com upgraded Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. Wells Fargo & Company increased their price target on Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Royal Bank of Canada dropped their price target on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Finally, Piper Sandler increased their price target on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

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.