Voya Financial Inc (NYSE:VOYA) Shares Sold by Morgan Stanley
Morgan Stanley lowered its stake in shares of Voya Financial Inc (NYSE:VOYA) by 15.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 551,993 shares of the asset manager’s stock after selling 97,488 shares during the period. Morgan Stanley’s holdings in Voya Financial were worth $22,382,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Impax Asset Management Group plc boosted its position in Voya Financial by 40.9% in the 1st quarter. Impax Asset Management Group plc now owns 633,044 shares of the asset manager’s stock worth $25,670,000 after purchasing an additional 183,867 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Voya Financial in the 1st quarter valued at $238,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Voya Financial by 13.3% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 27,200 shares of the asset manager’s stock worth $1,103,000 after buying an additional 3,200 shares in the last quarter. Employees Retirement System of Texas grew its position in Voya Financial by 147.5% during the first quarter. Employees Retirement System of Texas now owns 281,905 shares of the asset manager’s stock valued at $11,431,000 after buying an additional 168,000 shares during the period. Finally, Brown Advisory Securities LLC increased its holdings in Voya Financial by 121.1% in the first quarter. Brown Advisory Securities LLC now owns 29,312 shares of the asset manager’s stock valued at $1,173,000 after buying an additional 16,055 shares in the last quarter.
Shares of Voya Financial stock opened at $45.62 on Tuesday. The stock has a market capitalization of $5.70 billion, a P/E ratio of -11.67 and a beta of 1.41. The business has a 50 day simple moving average of $45.53 and a two-hundred day simple moving average of $50.83. Voya Financial Inc has a 12 month low of $29.75 and a 12 month high of $63.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.15 and a quick ratio of 0.15.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, May 28th. Voya Financial’s payout ratio is 14.22%.
Several research firms have recently issued reports on VOYA. ValuEngine lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. SunTrust Banks lowered their price target on Voya Financial from $65.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Royal Bank of Canada dropped their price objective on Voya Financial from $72.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Credit Suisse Group reaffirmed a “buy” rating and set a $66.00 target price on shares of Voya Financial in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upgraded Voya Financial from an “underweight” rating to a “neutral” rating and set a $58.00 target price on the stock in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Voya Financial has a consensus rating of “Buy” and a consensus price target of $58.67.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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