Tocqueville Asset Management L.P. Has $1.52 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Tocqueville Asset Management L.P. lowered its stake in Voya Financial, Inc. (NYSE:VOYA) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 22,038 shares of the asset manager’s stock after selling 1,530 shares during the period. Tocqueville Asset Management L.P.’s holdings in Voya Financial were worth $1,517,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. boosted its stake in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after acquiring an additional 327 shares during the last quarter. R Squared Ltd acquired a new position in Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC increased its stake 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. Finally, Brooklyn Investment Group acquired a new stake in Voya Financial in the third quarter worth $79,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on VOYA. Bank of America reaffirmed a “neutral” rating and set a $83.00 price objective (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. Piper Sandler decreased their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods dropped their target price on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reduced their price target on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Price Performance

NYSE:VOYA opened at $68.56 on Thursday. Voya Financial, Inc. has a 12-month low of $64.10 and a 12-month high of $84.30. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 0.48 and a beta of 1.03. The stock’s 50 day moving average price is $70.40 and its two-hundred day moving average price is $74.54. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59.

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

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

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.