Voya Financial, Inc. (NYSE:VOYA) Holdings Reduced by State Street Corp

State Street Corp cut its stake in Voya Financial, Inc. (NYSE:VOYA) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,287,895 shares of the asset manager’s stock after selling 10,969 shares during the period. State Street Corp owned approximately 3.42% of Voya Financial worth $260,467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. M&G Plc boosted its holdings in shares of Voya Financial by 18.6% in the second quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock valued at $8,357,000 after acquiring an additional 18,471 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after acquiring an additional 248,795 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Voya Financial by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock valued at $212,152,000 after acquiring an additional 38,438 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Voya Financial by 15,513.4% in the third quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after acquiring an additional 20,788 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after acquiring an additional 592,523 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Tony D. Oh sold 715 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on VOYA. Wells Fargo & Company cut their target price on shares of Voya Financial from $92.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Sandler increased their target price on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays cut their target price on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.50.

Voya Financial Stock Down 9.4 %

Shares of NYSE:VOYA opened at $72.22 on Wednesday. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $6.95 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.02. The firm has a 50 day simple moving average of $80.94 and a 200 day simple moving average of $75.13.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts expect that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. Voya Financial’s payout ratio is 28.66%.

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.