Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,937 shares of the asset manager’s stock after selling 1,033 shares during the quarter. Amalgamated Bank’s holdings in Voya Financial were worth $3,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wealthspire Advisors LLC boosted its holdings in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after purchasing an additional 148 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after buying an additional 169 shares during the period. CIBC Asset Management Inc grew its position in shares of Voya Financial by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock valued at $228,000 after buying an additional 177 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the last quarter. Finally, US Bancorp DE raised its stake in Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after acquiring an additional 202 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VOYA. Wells Fargo & Company increased their price target on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $76.00 to $87.00 in a research report on Friday. Keefe, Bruyette & Woods cut their target price on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Barclays downgraded shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Trading Up 2.6 %

Shares of NYSE VOYA opened at $72.32 on Friday. The business has a 50 day simple moving average of $70.45 and a 200 day simple moving average of $74.52. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.49%. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

Voya Financial 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.