Pacer Advisors Inc. Sells 6,060 Shares of Voya Financial, Inc. (NYSE:VOYA)

Pacer Advisors Inc. decreased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 29.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,348 shares of the asset manager's stock after selling 6,060 shares during the period. Pacer Advisors Inc.'s holdings in Voya Financial were worth $988,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Voya Financial in the 3rd quarter worth $29,000. UMB Bank n.a. grew its stake in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock worth $35,000 after purchasing an additional 239 shares during the last quarter. Blue Trust Inc. increased its holdings in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock valued at $65,000 after purchasing an additional 801 shares during the period. Brooklyn Investment Group bought a new position in Voya Financial during the 3rd quarter valued at approximately $79,000. Finally, LRI Investments LLC raised its position in Voya Financial by 780.5% during the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager's stock valued at $85,000 after purchasing an additional 921 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VOYA. Bank of America reaffirmed a "neutral" rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. UBS Group raised Voya Financial to a "strong-buy" rating in a research note on Monday, November 11th. Wells Fargo & Company reissued an "equal weight" rating and set a $76.00 price objective (down previously from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, Evercore ISI lowered their price target on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating, five have issued 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 an average rating of "Moderate Buy" and a consensus price target of $82.18.

Voya Financial Price Performance

VOYA stock traded up $1.38 during trading on Friday, hitting $72.22. 1,335,155 shares of the company's stock traded hands, compared to its average volume of 903,890. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.49 and a beta of 1.05. The business has a fifty day simple moving average of $71.00 and a 200 day simple moving average of $74.08. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

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 for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. As a group, research analysts expect that Voya Financial, Inc. will post 7.11 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Tuesday, February 25th. Voya Financial's dividend payout ratio is currently 28.66%.

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.