Bank of Montreal Can Sells 7,204 Shares of Voya Financial, Inc. (NYSE:VOYA)

Bank of Montreal Can cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,402 shares of the asset manager's stock after selling 7,204 shares during the period. Bank of Montreal Can's holdings in Voya Financial were worth $1,267,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of Voya Financial by 48.2% during the third quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after purchasing an additional 15,902 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Voya Financial in the third quarter valued at about $209,000. Retirement Systems of Alabama lifted its position in Voya Financial by 8.2% during the third quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager's stock worth $21,575,000 after purchasing an additional 20,750 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Voya Financial during the fourth quarter worth about $1,379,000. Finally, Oak Thistle LLC bought a new position in Voya Financial in the 4th quarter valued at about $301,000. Institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Barclays decreased their target price on shares of Voya Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. UBS Group dropped their price target on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Voya Financial has an average rating of "Hold" and an average target price of $80.92.

Voya Financial Trading Up 0.3 %

VOYA traded up $0.17 during trading on Wednesday, reaching $57.45. 495,724 shares of the stock traded hands, compared to its average volume of 855,367. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The stock's 50-day moving average is $65.79 and its 200 day moving average is $72.01. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The stock has a market capitalization of $5.53 billion, a PE ratio of 9.38, a P/E/G ratio of 0.48 and a beta of 0.93.

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

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 3.13%. 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.