Principal Financial Group Inc. Sells 107,610 Shares of Voya Financial, Inc. (NYSE:VOYA)

Principal Financial Group Inc. trimmed its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 32.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,819 shares of the asset manager's stock after selling 107,610 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Voya Financial worth $18,048,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Voya Financial by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager's stock valued at $818,094,000 after buying an additional 644,216 shares during the last quarter. Boston Partners grew its holdings in shares of Voya Financial by 83.8% during the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager's stock valued at $186,310,000 after purchasing an additional 1,151,822 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Voya Financial by 1,020.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager's stock worth $175,057,000 after purchasing an additional 2,156,773 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager's stock worth $146,234,000 after purchasing an additional 248,795 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Voya Financial by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock valued at $46,376,000 after purchasing an additional 148,810 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Stock Performance

Shares of VOYA traded up $0.07 on Friday, reaching $81.42. 719,942 shares of the company's stock traded hands, compared to its average volume of 821,980. Voya Financial, Inc. has a 52-week low of $63.11 and a 52-week high of $84.30. The stock's 50 day simple moving average is $79.32 and its two-hundred day simple moving average is $74.14. 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 $7.83 billion, a PE ratio of 12.96, a PEG ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Voya Financial's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 EPS. On average, analysts forecast that Voya Financial, Inc. will post 8.2 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.21%. Voya Financial's dividend payout ratio is currently 28.66%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VOYA shares. UBS Group raised shares of Voya Financial to a "strong-buy" rating in a research note on Monday. Citigroup lifted their price objective on shares of Voya Financial from $86.00 to $91.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Royal Bank of Canada boosted their price target on Voya Financial from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday. Raymond James lowered Voya Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target on the stock. in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.37% of the company's stock.

Voya Financial Company 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.