Capstone Investment Advisors LLC Sells 19,483 Shares of Voya Financial, Inc. (NYSE:VOYA)

Capstone Investment Advisors LLC lowered its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 86.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,080 shares of the asset manager's stock after selling 19,483 shares during the quarter. Capstone Investment Advisors LLC's holdings in Voya Financial were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after acquiring an additional 592,523 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock worth $146,234,000 after purchasing an additional 248,795 shares during the last quarter. Leeward Investments LLC MA purchased a new position in shares of Voya Financial in the third quarter worth $19,269,000. Renaissance Technologies LLC bought a new stake in Voya Financial during the 2nd quarter valued at $13,013,000. Finally, AQR Capital Management LLC boosted its position in Voya Financial by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock valued at $46,376,000 after buying an additional 148,810 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VOYA shares. Royal Bank of Canada boosted their price objective on shares of Voya Financial from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. UBS Group upgraded Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Wells Fargo & Company increased their price objective on Voya Financial from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Evercore ISI boosted their target price on Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Finally, Bank of America raised their price target on Voya Financial from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

Voya Financial Stock Up 0.1 %

Shares of VOYA stock traded up $0.07 during trading hours on Friday, hitting $83.00. 441,346 shares of the company's stock traded hands, compared to its average volume of 812,250. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.58 and a beta of 1.03. The stock's fifty day simple moving average is $80.65 and its two-hundred day simple moving average is $74.82. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $2.07 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. Voya Financial's dividend payout ratio is currently 28.66%.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.37% of the company's stock.

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.