M&T Bank Corp Has $247,000 Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

M&T Bank Corp lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYAGet Rating) by 462.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,476 shares of the asset manager’s stock after purchasing an additional 20,124 shares during the quarter. M&T Bank Corp’s holdings in Voya Financial were worth $247,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Pinebridge Investments L.P. grew its holdings in shares of Voya Financial by 7,467.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,935 shares of the asset manager’s stock worth $234,000 after purchasing an additional 3,883 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Voya Financial during the 2nd quarter worth $1,127,000. Illinois Municipal Retirement Fund grew its holdings in shares of Voya Financial by 67.6% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 26,284 shares of the asset manager’s stock worth $1,565,000 after purchasing an additional 10,602 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Voya Financial by 76.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 8,943 shares of the asset manager’s stock worth $532,000 after purchasing an additional 3,863 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Voya Financial during the 2nd quarter worth $252,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI upped their price objective on Voya Financial to $81.00 in a research report on Tuesday, August 9th. Royal Bank of Canada dropped their price objective on Voya Financial from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. Credit Suisse Group upped their price objective on Voya Financial from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. Raymond James started coverage on Voya Financial in a research report on Wednesday, September 21st. They set a “strong-buy” rating and a $84.00 price objective for the company. Finally, Morgan Stanley increased their target price on Voya Financial from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, November 2nd. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $79.42.

Insider Buying and Selling

In other Voya Financial news, insider Michael S. Smith sold 8,342 shares of the firm’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $62.89, for a total transaction of $524,628.38. Following the sale, the insider now directly owns 196,752 shares of the company’s stock, valued at $12,373,733.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Michael S. Smith sold 8,342 shares of the firm’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $62.89, for a total transaction of $524,628.38. Following the completion of the transaction, the insider now owns 196,752 shares in the company, valued at $12,373,733.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nancy Ferrara sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $68.00, for a total value of $680,000.00. Following the transaction, the insider now owns 9,878 shares of the company’s stock, valued at approximately $671,704. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,814 shares of company stock valued at $1,302,045. 1.44% of the stock is owned by company insiders.

Voya Financial Stock Performance

Shares of VOYA opened at $63.40 on Wednesday. The business’s fifty day simple moving average is $64.25 and its two-hundred day simple moving average is $62.79. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.61. Voya Financial, Inc. has a 12 month low of $56.20 and a 12 month high of $74.97. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 3.33 and a beta of 1.18.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Monday, November 28th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. Voya Financial’s dividend payout ratio is currently 13.36%.

Voya Financial Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYAGet Rating).

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

Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.