State Street Corp Sells 10,969 Shares of Voya Financial, Inc. (NYSE:VOYA)

State Street Corp trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,287,895 shares of the asset manager's stock after selling 10,969 shares during the quarter. State Street Corp owned approximately 3.42% of Voya Financial worth $260,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock valued at $228,474,000 after purchasing an additional 592,523 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Voya Financial by 1.5% during 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 acquiring an additional 38,438 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Voya Financial by 13.8% in the second 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. AQR Capital Management LLC increased its stake in shares of Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager's stock worth $46,376,000 after purchasing an additional 148,810 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in shares of Voya Financial by 7.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 562,355 shares of the asset manager's stock worth $40,011,000 after purchasing an additional 37,760 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VOYA shares. Wells Fargo & Company lowered their target price on Voya Financial from $92.00 to $87.00 and set an "overweight" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. downgraded shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price objective on the stock. in a research note on Thursday, October 3rd. Bank of America reiterated a "neutral" rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a research note on Wednesday. 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 report on Tuesday. Finally, Royal Bank of Canada dropped their price objective on shares of Voya Financial from $95.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Voya Financial presently has an average rating of "Moderate Buy" and a consensus target price of $85.67.

Insider Transactions at Voya Financial

In related 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 Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company's stock.

Voya Financial Price Performance

Shares of Voya Financial stock traded down $0.90 during midday trading on Wednesday, hitting $71.31. 1,788,926 shares of the company were exchanged, compared to its average volume of 820,396. The firm has a 50 day simple moving average of $80.94 and a 200-day simple moving average of $75.13. 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 $6.86 billion, a P/E ratio of 11.33, a PEG ratio of 0.56 and a beta of 1.02. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30.

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. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $2.07 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts forecast that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.52%. Voya Financial's dividend 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.