First American Bank purchased a new position in Voya Financial Inc (NYSE:VOYA) in the fourth quarter, HoldingsChannel reports. The firm purchased 24,671 shares of the asset manager’s stock, valued at approximately $1,221,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Voya Financial by 0.8% during the second quarter. Vanguard Group Inc. now owns 15,350,277 shares of the asset manager’s stock worth $566,271,000 after purchasing an additional 125,764 shares in the last quarter. BlackRock Inc. grew its position in shares of Voya Financial by 2.5% during the second quarter. BlackRock Inc. now owns 10,921,195 shares of the asset manager’s stock worth $402,882,000 after purchasing an additional 269,982 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Voya Financial by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock worth $256,727,000 after purchasing an additional 323,678 shares in the last quarter. State Street Corp grew its position 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 worth $207,554,000 after purchasing an additional 56,189 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Voya Financial by 2.2% during the fourth quarter. Acadian Asset Management LLC now owns 4,884,575 shares of the asset manager’s stock worth $241,642,000 after purchasing an additional 105,752 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

Several research firms have weighed in on VOYA. BTIG Research restated a “buy” rating and set a $59.00 price target on shares of Voya Financial in a report on Tuesday, January 2nd. Deutsche Bank began coverage on Voya Financial in a report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 price target for the company. Wells Fargo & Co set a $58.00 price target on Voya Financial and gave the company a “buy” rating in a report on Thursday, December 28th. Evercore ISI upgraded Voya Financial to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, December 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $55.00 price target on shares of Voya Financial in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $52.18.

Voya Financial Inc (NYSE:VOYA) traded down $0.26 during trading hours on Tuesday, hitting $54.17. The stock had a trading volume of 3,058,600 shares, compared to its average volume of 2,388,443. The company has a market cap of $9,783.62, a price-to-earnings ratio of -30.26, a price-to-earnings-growth ratio of 0.69 and a beta of 1.65. Voya Financial Inc has a 1-year low of $33.53 and a 1-year high of $54.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.39). The company had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same period in the previous year, the business earned ($1.24) earnings per share. analysts expect that Voya Financial Inc will post 2.9 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. The ex-dividend date was Wednesday, November 29th. Voya Financial’s payout ratio is -2.23%.

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About Voya Financial

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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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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