GW&K Investment Management LLC Sells 54,601 Shares of Voya Financial, Inc. $VOYA

GW&K Investment Management LLC reduced its holdings in Voya Financial, Inc. (NYSE:VOYA) by 5.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 924,179 shares of the asset manager’s stock after selling 54,601 shares during the quarter. GW&K Investment Management LLC’s holdings in Voya Financial were worth $68,842,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VOYA. Norges Bank bought a new stake in shares of Voya Financial in the 4th quarter worth approximately $83,106,000. Millennium Management LLC grew its position in shares of Voya Financial by 135.7% in the 3rd quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock worth $81,139,000 after buying an additional 624,436 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Voya Financial by 63.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock worth $107,101,000 after buying an additional 553,675 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Voya Financial by 11.6% in the 3rd quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock worth $318,800,000 after buying an additional 444,059 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Voya Financial by 6.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock worth $242,716,000 after buying an additional 219,130 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VOYA. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. TD Cowen began coverage on Voya Financial in a research report on Monday, April 20th. They issued a “buy” rating and a $100.00 price objective on the stock. UBS Group lifted their price objective on Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Bank of America lowered their target price on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods lowered their target price on Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.73.

Voya Financial Stock Down 0.1%

Shares of NYSE:VOYA opened at $88.36 on Wednesday. The stock has a fifty day simple moving average of $77.97 and a two-hundred day simple moving average of $74.55. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.80 and a beta of 0.92. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $90.52. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, research analysts anticipate that Voya Financial, Inc. will post 9.6 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. Voya Financial’s payout ratio is presently 28.40%.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.