California Public Employees Retirement System Sells 5,984 Shares of Voya Financial, Inc. (NYSE:VOYA)

California Public Employees Retirement System cut its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 181,939 shares of the asset manager's stock after selling 5,984 shares during the period. California Public Employees Retirement System owned 0.19% of Voya Financial worth $12,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring 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 purchasing an additional 327 shares during the period. R Squared Ltd purchased a new position in Voya Financial during the 4th quarter worth $41,000. Venturi Wealth Management LLC increased its holdings in shares of Voya Financial by 45.0% in the 4th 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 boosted its stake in shares of Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Piper Sandler cut their price target on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a report on Wednesday, December 18th. UBS Group cut their price target on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $76.00 to $87.00 in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $82.50.

Voya Financial Trading Down 7.2 %

NYSE VOYA traded down $4.34 during trading hours on Thursday, hitting $56.20. 243,970 shares of the company's stock were exchanged, compared to its average volume of 851,325. The stock has a 50-day simple moving average of $68.51 and a 200 day simple moving average of $73.39. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.48 and a beta of 0.93. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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, equities analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's dividend payout ratio is currently 29.41%.

Voya Financial Company 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.