Wellington Management Group LLP Lowers Stake in Voya Financial, Inc. $VOYA

Wellington Management Group LLP cut its stake in Voya Financial, Inc. (NYSE:VOYA) by 36.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,885,015 shares of the asset manager’s stock after selling 2,263,935 shares during the period. Wellington Management Group LLP’s holdings in Voya Financial were worth $351,710,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VOYA. Royal Bank of Canada increased its position in shares of Voya Financial by 21.7% during the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock worth $5,741,000 after acquiring an additional 15,091 shares during the period. Goldman Sachs Group Inc. grew its stake in Voya Financial by 8.4% in the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock worth $44,861,000 after purchasing an additional 51,376 shares in the last quarter. Empowered Funds LLC increased its holdings in Voya Financial by 13.5% during the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock worth $2,564,000 after purchasing an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Voya Financial by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after purchasing an additional 6,127 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after buying an additional 223 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Price Performance

NYSE VOYA opened at $102.34 on Monday. The firm’s fifty day simple moving average is $97.76 and its two-hundred day simple moving average is $83.71. The firm has a market capitalization of $9.27 billion, a P/E ratio of 17.26, a P/E/G ratio of 0.99 and a beta of 0.89. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $103.85.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts forecast that Voya Financial, Inc. will post 9.25 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s payout ratio is currently 31.70%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target for the company in a research report on Monday, June 8th. Weiss Ratings lowered shares of Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their price objective on shares of Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, UBS Group increased their target price on Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.85.

Insider Transactions at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

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.