Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Arjuna Capital

Arjuna Capital lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,978 shares of the asset manager’s stock after selling 699 shares during the period. Arjuna Capital’s holdings in Voya Financial were worth $1,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOYA. Bank of New York Mellon Corp boosted its stake in shares of Voya Financial by 15.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock worth $445,487,000 after purchasing an additional 876,399 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after buying an additional 2,131,578 shares during the period. FMR LLC boosted its position in Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after acquiring an additional 592,523 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Voya Financial by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after acquiring an additional 38,438 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in Voya Financial by 0.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager’s stock valued at $69,722,000 after acquiring an additional 8,024 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price target on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Royal Bank of Canada lowered their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Evercore ISI cut their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Stock Performance

Shares of VOYA stock opened at $70.36 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a market cap of $6.72 billion, a PE ratio of 11.50, a P/E/G ratio of 0.48 and a beta of 1.05. The company’s fifty day simple moving average is $70.61 and its 200-day simple moving average is $74.56. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data 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 net margin of 8.29% and a return on equity of 14.10%. As a group, equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio is presently 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.