Boston Advisors LLC reduced its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 41.4% during the second quarter, Holdings Channel reports. The institutional investor owned 16,210 shares of the asset manager’s stock after selling 11,449 shares during the period. Boston Advisors LLC’s holdings in Voya Financial were worth $598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in Voya Financial by 41.2% in the fourth quarter. Guggenheim Capital LLC now owns 38,327 shares of the asset manager’s stock worth $1,504,000 after buying an additional 11,189 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Voya Financial during the fourth quarter worth approximately $235,000. UBS Asset Management Americas Inc. raised its stake in Voya Financial by 48.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,337,533 shares of the asset manager’s stock worth $52,458,000 after buying an additional 436,167 shares during the last quarter. Teachers Advisors LLC raised its stake in Voya Financial by 6.6% in the fourth quarter. Teachers Advisors LLC now owns 245,868 shares of the asset manager’s stock worth $9,643,000 after buying an additional 15,130 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Voya Financial by 113.5% in the fourth quarter. Macquarie Group Ltd. now owns 11,100 shares of the asset manager’s stock worth $435,000 after buying an additional 5,900 shares during the last quarter.

Shares of Voya Financial, Inc. (VOYA) traded up 1.87% during mid-day trading on Friday, reaching $40.96. The company’s stock had a trading volume of 428,454 shares. The company’s market capitalization is $7.62 billion. The firm’s 50 day moving average is $37.36 and its 200-day moving average is $38.14. Voya Financial, Inc. has a 52-week low of $26.61 and a 52-week high of $42.96.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.18. The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period in the previous year, the firm posted $0.79 earnings per share. Analysts forecast that Voya Financial, Inc. will post $3.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Tuesday, August 29th. Voya Financial’s payout ratio is -1.04%.

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VOYA has been the topic of a number of analyst reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Voya Financial in a research note on Tuesday. Citigroup Inc. set a $51.00 price objective on Voya Financial and gave the company a “buy” rating in a research note on Monday, May 8th. ValuEngine raised Voya Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. BidaskClub raised Voya Financial from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $44.00 price objective on shares of Voya Financial in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Voya Financial has an average rating of “Buy” and a consensus price target of $46.11.

In other Voya Financial news, Chairman Rodney O. Martin, Jr. purchased 8,475 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were purchased at an average cost of $35.29 per share, with a total value of $299,082.75. Following the completion of the transaction, the chairman now owns 114,221 shares of the company’s stock, valued at $4,030,859.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total value of $342,380.00. Following the transaction, the insider now directly owns 5,379 shares in the company, valued at $216,666.12. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Voya Financial Company Profile

Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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