Voya Financial, Inc. $VOYA Shares Sold by Strs Ohio

Strs Ohio reduced its stake in Voya Financial, Inc. (NYSE:VOYA) by 92.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,299 shares of the asset manager’s stock after selling 26,442 shares during the period. Strs Ohio’s holdings in Voya Financial were worth $172,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Boston Partners grew its position in shares of Voya Financial by 70.4% in the 2nd quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock valued at $239,175,000 after buying an additional 1,394,321 shares during the last quarter. Norges Bank acquired a new position in Voya Financial in the second quarter valued at $97,876,000. Balyasny Asset Management L.P. grew its holdings in shares of Voya Financial by 119.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,085,387 shares of the asset manager’s stock worth $148,062,000 after purchasing an additional 1,135,935 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Voya Financial during the third quarter worth about $36,653,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Voya Financial during the second quarter worth about $34,378,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VOYA. Wall Street Zen cut Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Morgan Stanley reissued an “overweight” rating on shares of Voya Financial in a report on Thursday, January 22nd. Royal Bank Of Canada lowered their target price on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.33.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $75.41 on Wednesday. The stock has a fifty day moving average price of $74.75 and a 200 day moving average price of $73.90. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $79.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $7.18 billion, a PE ratio of 12.96, a P/E/G ratio of 0.48 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts forecast 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 will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be given a $0.47 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a yield of 2.5%. Voya Financial’s dividend payout ratio (DPR) is presently 32.30%.

About Voya Financial

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.