UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 47,987 Shares of Voya Financial, Inc. (NYSE:VOYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 8.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 548,853 shares of the asset manager's stock after selling 47,987 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.57% of Voya Financial worth $43,480,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VOYA. Arjuna Capital boosted its position in shares of Voya Financial by 0.8% during the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager's stock worth $1,401,000 after buying an additional 161 shares during the period. US Bancorp DE grew its stake in shares of Voya Financial by 5.8% during the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager's stock worth $290,000 after acquiring an additional 202 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Voya Financial by 6.8% in the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager's stock valued at $261,000 after purchasing an additional 210 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock worth $35,000 after purchasing an additional 239 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Voya Financial by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager's stock worth $905,000 after purchasing an additional 245 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Raymond James cut Voya Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, September 13th. Bank of America raised their target price on shares of Voya Financial from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Piper Sandler boosted their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Evercore ISI raised their price target on Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Finally, Morgan Stanley decreased their price objective on shares of Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a report on Monday, August 19th. Six 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $86.00.

Voya Financial Price Performance

VOYA stock traded down $0.68 during midday trading on Wednesday, reaching $81.89. The company had a trading volume of 232,135 shares, compared to its average volume of 809,647. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The stock has a 50 day moving average price of $80.87 and a 200-day moving average price of $74.94. 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 company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.07 EPS. Equities research analysts expect that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.20%. Voya Financial's payout ratio is 28.66%.

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.