Edgestream Partners L.P. trimmed its stake in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) by 84.4% during the first quarter, Holdings Channel reports. The firm owned 9,445 shares of the asset manager’s stock after selling 51,220 shares during the period. Edgestream Partners L.P.’s holdings in Voya Financial were worth $645,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of VOYA. Amundi lifted its position in shares of Voya Financial by 811.1% during the 1st quarter. Amundi now owns 44,983 shares of the asset manager’s stock worth $3,073,000 after buying an additional 40,046 shares during the period. California State Teachers Retirement System grew its position in Voya Financial by 24.8% in the first quarter. California State Teachers Retirement System now owns 113,207 shares of the asset manager’s stock valued at $7,734,000 after acquiring an additional 22,484 shares during the period. Empowered Funds LLC grew its position in Voya Financial by 12.8% in the first quarter. Empowered Funds LLC now owns 48,204 shares of the asset manager’s stock valued at $3,293,000 after acquiring an additional 5,458 shares during the period. Quantinno Capital Management LP raised its stake in Voya Financial by 6.8% during the first quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock worth $16,229,000 after acquiring an additional 15,186 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in Voya Financial by 13.4% during the first quarter. Epoch Investment Partners Inc. now owns 189,949 shares of the asset manager’s stock worth $12,977,000 after acquiring an additional 22,439 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.
Voya Financial Price Performance
Voya Financial stock opened at $100.91 on Wednesday. The business’s fifty day moving average is $92.93 and its two-hundred day moving average is $80.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $9.15 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.92 and a beta of 0.89. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $103.85.
Voya Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.40%.
Analyst Ratings Changes
A number of research analysts have issued reports on VOYA shares. Royal Bank Of Canada lifted their price objective on Voya Financial from $100.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Jefferies Financial Group increased their target price on shares of Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. TD Cowen lifted their price target on shares of Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Morgan Stanley boosted their price target on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.15.
Check Out Our Latest Report on Voya Financial
Insider Buying and Selling at Voya Financial
In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.
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.
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