UBS Group AG Has $22.30 Million Holdings in Voya Financial, Inc. $VOYA

UBS Group AG cut its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,382 shares of the asset manager’s stock after selling 51,566 shares during the period. UBS Group AG owned about 0.31% of Voya Financial worth $22,301,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VOYA. Hudson Bay Capital Management LP raised its stake in shares of Voya Financial by 21.1% in the 3rd quarter. Hudson Bay Capital Management LP now owns 151,462 shares of the asset manager’s stock valued at $11,329,000 after buying an additional 26,346 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Voya Financial by 3.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,662,301 shares of the asset manager’s stock worth $199,140,000 after acquiring an additional 88,151 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Voya Financial by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock valued at $181,901,000 after acquiring an additional 43,513 shares in the last quarter. Cadence Bank boosted its position in shares of Voya Financial by 59.9% during the 3rd quarter. Cadence Bank now owns 49,299 shares of the asset manager’s stock valued at $3,688,000 after acquiring an additional 18,462 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Voya Financial by 148.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 151,883 shares of the asset manager’s stock valued at $11,361,000 after acquiring an additional 90,764 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

NYSE VOYA opened at $80.03 on Tuesday. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.74 and a beta of 0.94. 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, Inc. has a 1-year low of $64.50 and a 1-year high of $84.00. The company has a 50 day moving average of $71.68 and a 200-day moving average of $73.00.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The firm 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 business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $2.00 EPS. On average, equities analysts forecast that Voya Financial, Inc. will post 9.63 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.3%. Voya Financial’s dividend payout ratio (DPR) is 28.40%.

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of analyst reports. Evercore cut their price target on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Morgan Stanley lowered their price objective on Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings raised Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. UBS Group raised their target price on Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price target on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.50.

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.