UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 47,987 Shares of Voya Financial, Inc. (NYSE:VOYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Voya Financial, Inc. (NYSE:VOYA) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 548,853 shares of the asset manager’s stock after selling 47,987 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Voya Financial were worth $43,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Voya Financial in the 3rd quarter worth about $29,000. UMB Bank n.a. grew its stake in Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the period. Quarry LP bought a new stake in Voya Financial in the second quarter worth approximately $61,000. Blue Trust Inc. lifted its stake in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after buying an additional 801 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Voya Financial during the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Down 0.5 %

NYSE VOYA opened at $82.54 on Wednesday. The business’s fifty day moving average is $80.87 and its 200-day moving average is $74.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.58 and a beta of 1.02. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $2.07 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts predict that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. Voya Financial’s dividend payout ratio is presently 28.66%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VOYA. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their target price on Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Evercore ISI increased their price target on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Morgan Stanley decreased their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. cut Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Insider Transactions at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Voya Financial Company 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.