Voya Financial, Inc. (NYSE:VOYA) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,228 shares of the asset manager’s stock after selling 1,078 shares during the quarter. New York State Teachers Retirement System’s holdings in Voya Financial were worth $2,643,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Voya Financial during the 4th quarter worth $62,259,000. Vanguard Group Inc. increased its holdings in Voya Financial by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock valued at $695,436,000 after purchasing an additional 752,851 shares in the last quarter. Millennium Management LLC grew its stake in shares of Voya Financial by 162.1% during the fourth quarter. Millennium Management LLC now owns 971,237 shares of the asset manager’s stock valued at $59,721,000 after acquiring an additional 600,633 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Voya Financial by 1,722.3% during the third quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager’s stock valued at $40,718,000 after acquiring an additional 579,128 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Voya Financial by 7.5% during the first quarter. Wellington Management Group LLP now owns 7,488,929 shares of the asset manager’s stock valued at $496,890,000 after acquiring an additional 519,701 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on VOYA shares. Wells Fargo & Company raised their target price on Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. The Goldman Sachs Group restated a “neutral” rating and set a $82.00 target price on shares of Voya Financial in a research note on Monday, January 8th. Royal Bank of Canada decreased their price target on Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Evercore ISI lifted their price target on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Piper Sandler lifted their price target on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $67.51 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $69.85 and its two-hundred day moving average price is $70.18. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $77.78. The stock has a market capitalization of $6.84 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.46 and a beta of 1.06.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $304.66 million. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. As a group, sell-side analysts forecast that Voya Financial, Inc. will post 8.43 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, February 26th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.37%. Voya Financial’s dividend payout ratio (DPR) is presently 29.47%.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.