Voya Financial Inc (VOYA) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in Voya Financial Inc (NYSE:VOYA) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,583 shares of the asset manager’s stock after selling 5,438 shares during the quarter. Rhumbline Advisers owned about 0.10% of Voya Financial worth $7,579,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VOYA. Cerebellum GP LLC acquired a new stake in Voya Financial during the third quarter worth about $184,000. Tower Research Capital LLC TRC acquired a new stake in Voya Financial during the second quarter worth about $194,000. Point72 Hong Kong Ltd acquired a new stake in Voya Financial during the second quarter worth about $195,000. Raymond James Trust N.A. acquired a new stake in Voya Financial during the third quarter worth about $203,000. Finally, Neuburgh Advisers LLC acquired a new stake in Voya Financial during the second quarter worth about $222,000.

NYSE:VOYA opened at $44.95 on Monday. Voya Financial Inc has a 1 year low of $40.49 and a 1 year high of $55.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $6.99 billion, a PE ratio of 14.93, a PEG ratio of 0.58 and a beta of 1.41.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, October 30th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. Voya Financial had a negative net margin of 28.31% and a positive return on equity of 7.01%. The company had revenue of $163.00 million during the quarter, compared to analysts’ expectations of $297.80 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, sell-side analysts anticipate that Voya Financial Inc will post 4.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, November 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Thursday, November 29th. Voya Financial’s dividend payout ratio (DPR) is currently 1.33%.

A number of equities research analysts recently weighed in on VOYA shares. ValuEngine downgraded Voya Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Royal Bank of Canada cut their price target on shares of Voya Financial to $55.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. Credit Suisse Group cut their price target on shares of Voya Financial from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, October 31st. Finally, Morgan Stanley cut their price target on shares of Voya Financial from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $59.00.

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Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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