Voya Financial, Inc. $VOYA Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.6% during the fourth quarter, HoldingsChannel reports. The fund owned 6,414,611 shares of the asset manager’s stock after selling 102,268 shares during the quarter. Bank of New York Mellon Corp owned about 0.07% of Voya Financial worth $477,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after acquiring an additional 151 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial during the fourth quarter worth about $33,000. Systematic Financial Management LP acquired a new position in shares of Voya Financial during the fourth quarter worth about $37,000. Rothschild Investment LLC increased its stake in shares of Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after acquiring an additional 518 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after acquiring an additional 475 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Down 0.8%

Shares of VOYA opened at $81.92 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.43 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.75 and a beta of 0.92. The company’s fifty day moving average is $76.44 and its two-hundred day moving average is $74.07. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $84.00.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts forecast that Voya Financial, Inc. will post 9.56 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders 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 2.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s payout ratio is currently 28.40%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VOYA shares. Bank of America reduced their price objective on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Barclays upped their price objective on shares of Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. TD Cowen started coverage on shares of Voya Financial in a research note on Monday, April 20th. They set a “buy” rating and a $100.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings raised shares of Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.30.

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.