Russell Investments Group Ltd. Reduces Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Russell Investments Group Ltd. reduced its holdings in shares of Voya Financial, Inc. (NYSE:VOYAGet Rating) by 59.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,201 shares of the asset manager’s stock after selling 316,185 shares during the quarter. Russell Investments Group Ltd. owned about 0.21% of Voya Financial worth $14,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VOYA. CWM LLC purchased a new stake in Voya Financial in the 4th quarter worth approximately $33,000. Exchange Traded Concepts LLC purchased a new stake in Voya Financial in the 1st quarter worth approximately $33,000. Eaton Vance Management lifted its stake in Voya Financial by 93.7% in the 4th quarter. Eaton Vance Management now owns 1,232 shares of the asset manager’s stock worth $36,000 after purchasing an additional 596 shares in the last quarter. Covestor Ltd bought a new position in shares of Voya Financial in the 4th quarter worth $52,000. Finally, Fifth Third Bancorp increased its holdings in shares of Voya Financial by 20.5% in the 1st quarter. Fifth Third Bancorp now owns 1,047 shares of the asset manager’s stock worth $69,000 after buying an additional 178 shares during the last quarter.

Voya Financial Trading Down 1.4 %

VOYA opened at $60.26 on Friday. The business has a 50 day simple moving average of $60.98 and a two-hundred day simple moving average of $64.65. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 7.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial, Inc. has a one year low of $56.20 and a one year high of $74.97.

Voya Financial (NYSE:VOYAGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The asset manager reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $266.00 million during the quarter, compared to analyst estimates of $1.59 billion. Voya Financial had a return on equity of 8.20% and a net margin of 9.80%. During the same quarter in the prior year, the company posted $1.03 EPS. Analysts predict that Voya Financial, Inc. will post 5.76 EPS for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, August 26th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.33%. Voya Financial’s dividend payout ratio (DPR) is 9.02%.

Analyst Ratings Changes

VOYA has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on shares of Voya Financial from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. TheStreet lowered shares of Voya Financial from a “b” rating to a “c” rating in a report on Friday, June 10th. Wells Fargo & Company increased their price target on shares of Voya Financial from $72.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup initiated coverage on shares of Voya Financial in a report on Monday, May 23rd. They set a “buy” rating and a $82.00 target price on the stock. Finally, StockNews.com lowered shares of Voya Financial from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.90.

Voya Financial Profile

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Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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