Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,308 shares of the asset manager's stock after selling 4,466 shares during the period. Wells Fargo & Company MN owned 0.09% of Voya Financial worth $6,078,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after purchasing an additional 876,399 shares in the last quarter. Impax Asset Management Group plc grew its stake in 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 acquiring an additional 2,131,578 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Voya Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock valued at $116,058,000 after buying an additional 23,818 shares during the period. Norges Bank purchased a new stake in shares of Voya Financial in the 4th quarter worth approximately $96,508,000. Finally, GW&K Investment Management LLC boosted its position in Voya Financial by 0.8% during the 4th quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager's stock valued at $69,722,000 after acquiring an additional 8,024 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Trading Down 3.1 %

Shares of VOYA stock traded down $1.75 on Monday, hitting $55.01. 443,627 shares of the stock traded hands, compared to its average volume of 857,138. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The stock has a market capitalization of $5.29 billion, a PE ratio of 8.99, a PEG ratio of 0.48 and a beta of 0.93. The firm's 50-day moving average price is $66.13 and its two-hundred day moving average price is $72.11. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS 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%. As a group, analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 3.27%. Voya Financial's dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of analyst reports. Barclays cut their price objective 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, April 11th. Wells Fargo & Company cut their price target on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods reduced their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Bank of America reissued 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. Finally, Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $76.00 to $87.00 in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.92.

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.