Natixis Advisors LLC Sells 5,970 Shares of Voya Financial, Inc. (NYSE:VOYA)

Natixis Advisors LLC cut its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,333 shares of the asset manager's stock after selling 5,970 shares during the quarter. Natixis Advisors LLC's holdings in Voya Financial were worth $2,432,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in Voya Financial by 29.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,639 shares of the asset manager's stock worth $250,000 after acquiring an additional 837 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Voya Financial during the 4th quarter valued at about $192,000. Vestcor Inc boosted its position in shares of Voya Financial by 296.8% during the 4th quarter. Vestcor Inc now owns 10,381 shares of the asset manager's stock valued at $715,000 after purchasing an additional 7,765 shares in the last quarter. HighTower Advisors LLC grew its stake in Voya Financial by 15.0% during the fourth quarter. HighTower Advisors LLC now owns 5,355 shares of the asset manager's stock worth $369,000 after purchasing an additional 698 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in Voya Financial in the fourth quarter worth approximately $67,214,000. Institutional investors own 96.10% of the company's stock.

Voya Financial Stock Down 1.0 %

Voya Financial stock traded down $0.67 during midday trading on Thursday, hitting $69.41. 715,598 shares of the stock were exchanged, compared to its average volume of 809,088. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30. 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 business's 50-day moving average price is $70.51 and its 200-day moving average price is $74.48. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.

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

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial's dividend payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

VOYA has been the topic of a number of research analyst reports. Evercore ISI cut their price target on Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, December 10th. Barclays cut shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Piper Sandler cut their price objective on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.55.

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.