Teacher Retirement System of Texas Trims Stake in Voya Financial, Inc. (NYSE:VOYA)

Teacher Retirement System of Texas lowered its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 72.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,144 shares of the asset manager's stock after selling 29,016 shares during the period. Teacher Retirement System of Texas' holdings in Voya Financial were worth $767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after purchasing an additional 876,399 shares during the period. Impax Asset Management Group plc boosted its position in shares of Voya Financial by 277.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. FMR LLC grew its stake in shares of Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after buying an additional 592,523 shares during the last quarter. GW&K Investment Management LLC raised its stake in Voya Financial by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager's stock valued at $69,722,000 after buying an additional 8,024 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Voya Financial in the fourth quarter worth $67,214,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

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Voya Financial Trading Down 8.3 %

Shares of NYSE:VOYA traded down $5.76 during trading hours on Thursday, hitting $63.25. 154,623 shares of the company's stock traded hands, compared to its average volume of 834,054. The firm has a market capitalization of $6.04 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The business has a fifty day moving average price of $70.37 and a 200-day moving average price of $74.31. Voya Financial, Inc. has a 1 year low of $63.21 and a 1 year high of $84.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

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 (EPS) 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%. Equities analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's dividend payout ratio is presently 29.41%.

Analysts Set New Price Targets

VOYA has been the subject of several analyst reports. Bank of America restated an "underperform" rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Evercore ISI cut 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, December 10th. Royal Bank of Canada decreased their price objective 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, UBS Group cut their target price on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $82.83.

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.