California Public Employees Retirement System Has $41.79 Million Position in Voya Financial Inc (VOYA)
California Public Employees Retirement System grew its stake in shares of Voya Financial Inc (NYSE:VOYA) by 8.8% during the fourth quarter, HoldingsChannel reports. The firm owned 844,751 shares of the asset manager’s stock after purchasing an additional 68,491 shares during the period. California Public Employees Retirement System’s holdings in Voya Financial were worth $41,790,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in Voya Financial during the fourth quarter worth approximately $133,000. Toronto Dominion Bank raised its holdings in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after purchasing an additional 199 shares in the last quarter. Reliance Trust Co. of Delaware acquired a new stake in Voya Financial during the third quarter worth approximately $215,000. IFM Investors Pty Ltd acquired a new stake in Voya Financial during the third quarter worth approximately $254,000. Finally, Private Advisor Group LLC acquired a new stake in Voya Financial during the third quarter worth approximately $274,000. 96.18% of the stock is currently owned by institutional investors.
Voya Financial Inc (VOYA) opened at $51.19 on Thursday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. The stock has a market cap of $9,200.00, a P/E ratio of -28.76, a PEG ratio of 0.61 and a beta of 1.61. Voya Financial Inc has a 1 year low of $33.53 and a 1 year high of $54.87.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. Voya Financial’s dividend payout ratio (DPR) is -2.25%.
A number of research firms have weighed in on VOYA. Wells Fargo & Co set a $65.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a report on Wednesday. ValuEngine upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Goldman Sachs Group began coverage on shares of Voya Financial in a research report on Wednesday, October 18th. They set a “buy” rating and a $46.00 target price on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $55.00 target price on shares of Voya Financial in a research report on Thursday, December 21st. Finally, Sandler O’Neill upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $52.82.
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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