New York State Common Retirement Fund Sells 3,000 Shares of Voya Financial, Inc. (NYSE:VOYA)

New York State Common Retirement Fund cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,827 shares of the asset manager’s stock after selling 3,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Voya Financial worth $5,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kelly Financial Group LLC bought a new position in Voya Financial during the 1st quarter worth about $270,680,000. Norges Bank bought a new position in shares of Voya Financial during the fourth quarter valued at approximately $96,508,000. First Trust Advisors LP increased its holdings in Voya Financial by 52.9% during the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager’s stock valued at $98,950,000 after buying an additional 497,348 shares during the period. Balyasny Asset Management L.P. raised its stake in Voya Financial by 278.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 460,803 shares of the asset manager’s stock worth $31,717,000 after buying an additional 339,139 shares in the last quarter. Finally, FMR LLC lifted its holdings in Voya Financial by 10.5% during the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager’s stock worth $219,274,000 after buying an additional 301,682 shares during the period. Institutional investors own 96.10% of the company’s stock.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the sale, the director owned 355 shares in the company, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group cut their price target on Voya Financial from $89.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Barclays lifted their target price on Voya Financial from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods increased their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Bank of America restated an “underperform” rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and an average target price of $84.18.

Voya Financial Trading Up 0.1%

Shares of Voya Financial stock opened at $72.45 on Monday. The firm’s 50 day simple moving average is $69.07 and its two-hundred day simple moving average is $67.43. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.67 and a beta of 1.00. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 earnings per share. Analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial’s dividend payout ratio is currently 33.96%.

Voya Financial Company Profile

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.