Mackenzie Financial Corp Decreases Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Mackenzie Financial Corp lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,310 shares of the asset manager’s stock after selling 1,062 shares during the period. Mackenzie Financial Corp’s holdings in Voya Financial were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealthspire Advisors LLC boosted its holdings in Voya Financial by 5.3% during the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after buying an additional 148 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after buying an additional 177 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after buying an additional 184 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after buying an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VOYA shares. Keefe, Bruyette & Woods lifted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their target price on shares of Voya Financial from $70.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Royal Bank of Canada cut their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. UBS Group cut their target price on shares of Voya Financial from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Finally, Bank of America restated an “underperform” rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $81.92.

Voya Financial Stock Performance

NYSE:VOYA opened at $66.60 on Monday. The firm has a 50 day simple moving average of $62.73 and a 200-day simple moving average of $68.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The firm has a market cap of $6.41 billion, a PE ratio of 10.88, a P/E/G ratio of 0.48 and a beta of 0.95. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA) last posted 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. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business posted $1.77 earnings per share. The company’s revenue was down 4.0% on a year-over-year basis. On average, equities analysts expect 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 will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.70%. Voya Financial’s dividend payout ratio (DPR) is presently 33.96%.

Insider Transactions at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the sale, the director now directly owns 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.99% of the company’s stock.

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.