Massachusetts Financial Services Co. MA Reduces Position in Voya Financial, Inc. (NYSE:VOYA)

Massachusetts Financial Services Co. MA cut its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,673,836 shares of the asset manager's stock after selling 4,180 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.78% of Voya Financial worth $184,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after acquiring an additional 327 shares during the period. R Squared Ltd purchased a new stake in Voya Financial in the 4th quarter worth $41,000. Venturi Wealth Management LLC raised its position in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after acquiring an additional 201 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Royal Bank of Canada reduced their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Bank of America reaffirmed an "underperform" rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Keefe, Bruyette & Woods reduced their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Barclays cut shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $82.50.

Voya Financial Trading Up 11.8 %

Shares of NYSE VOYA traded up $6.42 during midday trading on Wednesday, reaching $60.69. 1,811,492 shares of the stock were exchanged, compared to its average volume of 853,623. The stock has a market capitalization of $5.80 billion, a P/E ratio of 9.92, a PEG ratio of 0.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The company has a 50 day simple moving average of $68.51 and a 200 day simple moving average of $73.39. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

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

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.97%. Voya Financial's payout ratio is currently 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.