Geode Capital Management LLC Has $131.68 Million Holdings in Voya Financial, Inc. (NYSE:VOYA)

Geode Capital Management LLC reduced its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,661,824 shares of the asset manager's stock after selling 7,667 shares during the period. Geode Capital Management LLC owned approximately 1.73% of Voya Financial worth $131,684,000 at the end of the most recent quarter.

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

Insider Activity at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

Voya Financial Stock Down 1.5 %

Voya Financial stock traded down $1.03 during mid-day trading on Tuesday, hitting $68.07. 1,187,122 shares of the company's stock were exchanged, compared to its average volume of 824,806. The stock has a 50 day moving average of $80.21 and a two-hundred day moving average of $75.02. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock has a market cap of $6.55 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.54 and a beta of 1.02.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $2.07 EPS. The company's revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Voya Financial, Inc. will post 8.09 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared 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. This represents a $1.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial's dividend payout ratio is 28.66%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VOYA. Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Tuesday, December 10th. Evercore ISI reduced their target price on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, December 10th. UBS Group upgraded Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Morgan Stanley reduced their price objective on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating for the company in a research note on Monday, August 19th. Finally, Piper Sandler lifted their target price on Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Voya Financial currently has an average rating of "Moderate Buy" and an average target price of $85.67.

About Voya Financial

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.