New York State Teachers Retirement System Sells 647 Shares of Voya Financial, Inc. (NYSE:VOYA)

New York State Teachers Retirement System lowered its stake in Voya Financial, Inc. (NYSE:VOYA) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,650 shares of the asset manager’s stock after selling 647 shares during the period. New York State Teachers Retirement System’s holdings in Voya Financial were worth $2,385,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Voya Financial in the fourth quarter valued at $41,000. Blue Trust Inc. boosted its holdings in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after buying an additional 801 shares in the last quarter. Brooklyn Investment Group bought a new position in Voya Financial in the 3rd quarter worth about $79,000. LRI Investments LLC boosted its stake in Voya Financial by 780.5% in the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after purchasing an additional 921 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Voya Financial in the 3rd quarter worth about $87,000. Institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

VOYA has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their target price on 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 raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley dropped their price target on Voya Financial from $78.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Evercore ISI decreased their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.55.

Voya Financial Trading Down 2.2 %

Shares of NYSE:VOYA opened at $71.97 on Friday. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The firm has a market capitalization of $6.92 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.48 and a beta of 1.05. 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 business’s 50-day moving average is $70.10 and its 200 day moving average is $74.32.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.50%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

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.