Voya Financial, Inc. (NYSE:VOYA) Stake Cut by First Trust Advisors LP

First Trust Advisors LP reduced its holdings in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 43.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,114 shares of the asset manager’s stock after selling 197,976 shares during the period. First Trust Advisors LP owned about 0.26% of Voya Financial worth $15,625,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VOYA. Wellington Management Group LLP increased its position in Voya Financial by 7.5% in the 1st quarter. Wellington Management Group LLP now owns 7,488,929 shares of the asset manager’s stock worth $496,890,000 after purchasing an additional 519,701 shares during the last quarter. Bank of New York Mellon Corp increased its position in Voya Financial by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,285,547 shares of the asset manager’s stock worth $380,275,000 after purchasing an additional 345,161 shares during the last quarter. Samlyn Capital LLC increased its position in Voya Financial by 6.2% in the 3rd quarter. Samlyn Capital LLC now owns 4,915,556 shares of the asset manager’s stock worth $297,391,000 after purchasing an additional 286,571 shares during the last quarter. State Street Corp increased its position in Voya Financial by 0.9% in the 3rd quarter. State Street Corp now owns 3,291,225 shares of the asset manager’s stock worth $199,119,000 after purchasing an additional 29,593 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Voya Financial by 3.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,571,104 shares of the asset manager’s stock worth $153,058,000 after purchasing an additional 80,147 shares during the last quarter.

Voya Financial Price Performance

Shares of VOYA stock opened at $70.84 on Tuesday. The stock has a 50 day moving average of $71.25 and a two-hundred day moving average of $68.77. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.62. Voya Financial, Inc. has a 12 month low of $56.20 and a 12 month high of $78.11. The company has a market capitalization of $6.96 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.63 and a beta of 1.15.

Voya Financial (NYSE:VOYA – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The asset manager reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.03). Voya Financial had a return on equity of 14.77% and a net margin of 9.58%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $288.10 million. During the same quarter in the prior year, the business posted $1.47 EPS. As a group, equities analysts expect that Voya Financial, Inc. will post 8.14 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Investors of record on Friday, May 26th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. Voya Financial’s dividend payout ratio (DPR) is presently 16.70%.

Insider Buying and Selling

In related news, Director Rodney O. Martin, Jr. sold 39,724 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $75.24, for a total transaction of $2,988,833.76. Following the completion of the transaction, the director now owns 149,671 shares in the company, valued at approximately $11,261,246.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Voya Financial news, insider Santhosh Keshavan sold 3,564 shares of Voya Financial stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $74.06, for a total value of $263,949.84. Following the completion of the transaction, the insider now owns 18,312 shares in the company, valued at approximately $1,356,186.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Rodney O. Martin, Jr. sold 39,724 shares of Voya Financial stock in a transaction on Monday, March 6th. The shares were sold at an average price of $75.24, for a total value of $2,988,833.76. Following the completion of the transaction, the director now owns 149,671 shares of the company’s stock, valued at approximately $11,261,246.04. The disclosure for this sale can be found here. Insiders sold 114,062 shares of company stock worth $8,461,042 in the last 90 days. 1.44% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VOYA. Wells Fargo & Company dropped their target price on Voya Financial from $89.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 5th. Jefferies Financial Group increased their price objective on Voya Financial from $74.00 to $78.00 and gave the company a “hold” rating in a report on Tuesday, February 21st. Truist Financial lowered their price objective on Voya Financial from $80.00 to $75.00 in a report on Thursday, May 4th. StockNews.com started coverage on Voya Financial in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Voya Financial from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

About Voya Financial

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Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.