Basswood Capital Management L.L.C. trimmed its holdings in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,281 shares of the asset manager’s stock after selling 6,821 shares during the period. Basswood Capital Management L.L.C. owned approximately 0.21% of Voya Financial worth $14,546,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its stake in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Voya Financial during the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new stake in Voya Financial during the 4th quarter valued at approximately $33,000. Systematic Financial Management LP acquired a new stake in Voya Financial during the 4th quarter valued at approximately $37,000. Finally, Rothschild Investment LLC lifted its stake in Voya Financial by 5,180.0% during the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 518 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.
Voya Financial Stock Performance
VOYA opened at $91.39 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a fifty day moving average price of $79.36 and a 200 day moving average price of $74.97. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $92.00. The stock has a market cap of $8.29 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.83 and a beta of 0.92.
Voya Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s payout ratio is currently 28.40%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Raymond James Financial upgraded shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a research note on Monday, June 8th. Weiss Ratings upgraded shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Barclays lifted their price objective on shares of Voya Financial from $89.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Bank of America decreased their price objective on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $89.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.73.
Check Out Our Latest Analysis on VOYA
Insider Activity
In related news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider directly owned 2,887 shares in the company, valued at $259,830. The trade was a 58.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Voya Financial
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial, Inc. (NYSE:VOYA – Free Report).
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.
