Voya Financial, Inc. (NYSE:VOYA) Stock Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,811 shares of the asset manager's stock after selling 7,008 shares during the period. Principal Financial Group Inc. owned about 0.23% of Voya Financial worth $15,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Voya Financial during the fourth quarter worth $41,000. Blue Trust Inc. raised its position in Voya Financial by 3,640.9% in 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 last quarter. Brooklyn Investment Group acquired a new stake in shares of Voya Financial during the third quarter worth about $79,000. LRI Investments LLC lifted 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 worth $85,000 after acquiring an additional 921 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Voya Financial in the 3rd quarter valued at $209,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Evercore ISI reduced 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. Wells Fargo & Company upped their price target on Voya Financial from $76.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. UBS Group raised Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Finally, Barclays downgraded Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Voya Financial currently has a consensus rating of "Moderate Buy" and an average price target of $83.55.

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Voya Financial Price Performance

Shares of NYSE VOYA traded up $1.82 during trading on Friday, reaching $72.32. The company had a trading volume of 1,083,039 shares, compared to its average volume of 885,188. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.91 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a twelve month low of $64.10 and a twelve month high of $84.30. The stock has a 50-day moving average price of $70.45 and a two-hundred day moving average price of $74.52.

Voya Financial (NYSE:VOYA - Get Free Report) last announced 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 8.29% and a return on equity of 14.10%. As a group, sell-side analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial's payout ratio is 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.