Voya Financial, Inc. (NYSE:VOYA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 88,827 shares of the asset manager’s stock after selling 500 shares during the quarter. New York State Common Retirement Fund’s holdings in Voya Financial were worth $6,114,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VOYA. FMR LLC lifted its position in 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 during the last quarter. Massachusetts Financial Services Co. MA grew its position in Voya Financial by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after buying an additional 38,438 shares during the period. Hennessy Advisors Inc. acquired a new position in Voya Financial during the fourth quarter worth about $47,155,000. Victory Capital Management Inc. boosted its position in Voya Financial by 12.2% during the third quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager’s stock worth $25,069,000 after acquiring an additional 34,413 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in Voya Financial by 8.2% during the third quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock worth $21,575,000 after acquiring an additional 20,750 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Morgan Stanley reduced their price objective on Voya Financial from $78.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Piper Sandler cut their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Bank of America restated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $82.55.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $70.50 on Friday. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. 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 stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.48 and a beta of 1.05. The business has a 50-day moving average of $70.35 and a 200-day moving average of $74.40.

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

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.55%. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Voya Financial 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.