Charles Schwab Investment Management Inc. Sells 5,500 Shares of Voya Financial, Inc. (NYSE:VOYA)

Charles Schwab Investment Management Inc. lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654,996 shares of the asset manager's stock after selling 5,500 shares during the period. Charles Schwab Investment Management Inc. owned 0.68% of Voya Financial worth $45,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of VOYA. Wealthspire Advisors LLC increased its position in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager's stock worth $204,000 after purchasing an additional 148 shares during the last quarter. Brooklyn Investment Group increased its position in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after purchasing an additional 169 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager's stock worth $228,000 after buying an additional 177 shares during the period. Jones Financial Companies Lllp boosted its stake in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after buying an additional 183 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager's stock worth $105,000 after buying an additional 184 shares during the period. Institutional investors own 96.10% of the company's stock.

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Wall Street Analysts Forecast Growth

VOYA has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Bank of America reaffirmed a "neutral" rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Royal Bank of Canada dropped their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial has an average rating of "Moderate Buy" and an average target price of $83.55.

Voya Financial Stock Up 0.3 %

Shares of VOYA stock traded up $0.20 on Tuesday, hitting $67.64. The stock had a trading volume of 947,349 shares, compared to its average volume of 806,631. 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 business has a 50 day moving average price of $70.42 and a 200 day moving average price of $74.60. The company has a market cap of $6.46 billion, a PE ratio of 11.05, a P/E/G ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a one year low of $64.10 and a one year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released 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 net margin of 8.29% and a return on equity of 14.10%. Research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. Voya Financial's payout ratio is currently 29.41%.

About Voya Financial

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.