Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,584,390 shares of the asset manager's stock after selling 96,407 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 4.76% of Voya Financial worth $315,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Voya Financial by 207.0% during 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 last quarter. R Squared Ltd bought a new position in shares of Voya Financial during the 4th quarter valued at approximately $41,000. Venturi Wealth Management LLC boosted its position in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after acquiring an additional 169 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VOYA has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods reduced their target price on Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Barclays reduced their target price on Voya Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Finally, Bank of America reiterated an "underperform" rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Voya Financial has a consensus rating of "Hold" and an average price target of $80.92.

Voya Financial Stock Up 1.2 %

VOYA stock traded up $0.68 during trading on Monday, reaching $59.72. 943,743 shares of the company traded hands, compared to its average volume of 859,065. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The business has a 50 day simple moving average of $64.49 and a 200 day simple moving average of $71.39. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth 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.

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 for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal 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. This represents a $1.80 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Tuesday, February 25th. 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.