Voya Financial, Inc. (NYSE:VOYA) Shares Sold by FIL Ltd

FIL Ltd trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,091,778 shares of the asset manager's stock after selling 33,775 shares during the quarter. FIL Ltd owned 1.13% of Voya Financial worth $75,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Voya Financial by 81.0% in 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 in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after buying an additional 327 shares during the last quarter. R Squared Ltd purchased a new position in shares of Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC raised its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake 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 acquiring an additional 169 shares during the period. 96.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VOYA has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Barclays reduced their target price on shares of Voya Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price objective on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $76.00 to $87.00 in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $80.92.

Voya Financial Stock Up 0.7 %

Shares of VOYA traded up $0.41 during mid-day trading on Tuesday, hitting $57.93. The company's stock had a trading volume of 216,113 shares, compared to its average volume of 855,226. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company's 50-day moving average is $67.72 and its 200-day moving average is $72.90. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA - Get Free Report) last issued 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 return on equity of 14.10% and a net margin of 8.29%. On average, equities research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's dividend payout ratio is presently 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.