Quadrature Capital Ltd Reduces Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Quadrature Capital Ltd cut its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 72.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,712 shares of the asset manager's stock after selling 7,028 shares during the period. Quadrature Capital Ltd's holdings in Voya Financial were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VOYA. Dimensional Fund Advisors LP lifted its stake in 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 valued at $146,234,000 after purchasing an additional 248,795 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Voya Financial by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock valued at $212,152,000 after buying an additional 38,438 shares during the period. International Assets Investment Management LLC lifted its position in shares of Voya Financial by 15,513.4% in the third quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager's stock valued at $1,657,000 after buying an additional 20,788 shares during the last quarter. FMR LLC boosted its stake in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after acquiring an additional 592,523 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of Voya Financial by 52.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 56,878 shares of the asset manager's stock worth $4,506,000 after acquiring an additional 19,654 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Insider Activity at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is currently owned by insiders.

Voya Financial Stock Performance

NYSE:VOYA traded down $1.14 on Thursday, reaching $70.17. 1,179,423 shares of the company's stock were exchanged, compared to its average volume of 821,738. The stock has a fifty day simple moving average of $80.61 and a 200-day simple moving average of $75.07. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.50 and a beta of 1.02.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $2.07 EPS. Voya Financial's revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that Voya Financial, Inc. will post 8.4 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, December 26th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.57%. Voya Financial's dividend payout ratio (DPR) is presently 28.66%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VOYA. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Tuesday. Raymond James downgraded shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, September 13th. Evercore ISI lowered their price target on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday. Royal Bank of Canada reduced their price objective on Voya Financial from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Bank of America reiterated a "neutral" rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.67.

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.