Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its holdings in Voya Financial, Inc. (NYSE:VOYAFree Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,755 shares of the asset manager’s stock after selling 2,504 shares during the period. Wells Fargo & Company MN owned about 0.11% of Voya Financial worth $8,664,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Coldstream Capital Management Inc. acquired a new stake in Voya Financial in the fourth quarter valued at approximately $241,000. UBS Group AG boosted its stake in shares of Voya Financial by 5.1% in the fourth quarter. UBS Group AG now owns 319,976 shares of the asset manager’s stock worth $23,345,000 after acquiring an additional 15,606 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Voya Financial by 16.6% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 37,942 shares of the asset manager’s stock worth $2,768,000 after acquiring an additional 5,392 shares during the last quarter. Norges Bank acquired a new stake in shares of Voya Financial in the fourth quarter worth approximately $80,749,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Voya Financial by 1.3% in the fourth quarter. Panagora Asset Management Inc. now owns 13,115 shares of the asset manager’s stock worth $957,000 after acquiring an additional 169 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Yvette S. Butler sold 2,165 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.37% of the company’s stock.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $75.35 on Thursday. Voya Financial, Inc. has a 52 week low of $63.02 and a 52 week high of $77.00. The business’s fifty day simple moving average is $71.86 and its 200-day simple moving average is $71.37. The firm has a market cap of $7.59 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYAGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, beating the consensus estimate of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company posted $1.69 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that Voya Financial, Inc. will post 8.53 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial’s dividend payout ratio (DPR) is presently 22.73%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock 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. 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. Wells Fargo & Company lifted their price objective on Voya Financial from $91.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, Morgan Stanley reduced their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $83.44.

Check Out Our Latest Analysis on VOYA

Voya Financial Company Profile

(Free Report)

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.

Further Reading

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

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