T. Rowe Price Investment Management Inc. Has $53.86 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

T. Rowe Price Investment Management Inc. cut its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 39.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782,543 shares of the asset manager's stock after selling 505,654 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.81% of Voya Financial worth $53,863,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of VOYA. Victory Capital Management Inc. raised its stake in Voya Financial by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock valued at $22,561,000 after purchasing an additional 11,336 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in Voya Financial by 420.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock valued at $4,812,000 after buying an additional 52,032 shares during the period. KBC Group NV raised its position in shares of Voya Financial by 260.5% in the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock valued at $646,000 after buying an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Voya Financial during the 4th quarter worth approximately $47,155,000. Finally, Barclays PLC boosted its position in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after acquiring an additional 15,902 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VOYA shares. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Wells Fargo & Company lowered their price objective on shares of 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 cut their target price on shares of Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada lowered their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, Bank of America reissued an "underperform" rating and set a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of "Hold" and a consensus price target of $80.92.

Voya Financial Trading Up 1.2 %

Voya Financial stock traded up $0.68 during mid-day trading on Monday, hitting $59.72. 943,743 shares of the stock were exchanged, compared to its average volume of 859,065. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The firm's fifty day simple moving average is $64.49 and its two-hundred day simple moving average is $71.39.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.10% and a net margin of 8.29%. Analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 3.01%. Voya Financial's dividend 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.