Voya Financial, Inc. $VOYA Position Lessened by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,259,735 shares of the asset manager’s stock after selling 158,801 shares during the period. Ameriprise Financial Inc. owned 3.43% of Voya Financial worth $243,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trail Ridge Investment Advisors LLC increased its holdings in Voya Financial by 2.0% in the third quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock worth $622,000 after buying an additional 166 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Voya Financial by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock valued at $303,000 after purchasing an additional 171 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Voya Financial by 4.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock valued at $338,000 after purchasing an additional 201 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Voya Financial by 1.5% in the 3rd quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock valued at $1,098,000 after purchasing an additional 215 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 1.9%

Shares of VOYA stock opened at $67.51 on Tuesday. The firm has a fifty day moving average of $73.42 and a 200-day moving average of $73.61. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.45 and a beta of 0.90. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $79.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.17). The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. Voya Financial’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. On average, equities research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.89%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VOYA shares. Wall Street Zen downgraded Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Morgan Stanley cut their price objective on Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Evercore reduced their target price on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Wells Fargo & Company decreased their target price on Voya Financial from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada increased their price target on Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.89.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.