Mutual of America Capital Management LLC Sells 17,039 Shares of Voya Financial, Inc. (NYSE:VOYA)

Mutual of America Capital Management LLC decreased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 24.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,139 shares of the asset manager’s stock after selling 17,039 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Voya Financial worth $4,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Voya Financial by 6.2% during the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock valued at $818,094,000 after buying an additional 644,216 shares during the last quarter. Boston Partners grew its holdings in shares of Voya Financial by 83.8% during the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock valued at $186,310,000 after buying an additional 1,151,822 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Voya Financial by 1,020.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock valued at $175,057,000 after buying an additional 2,156,773 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Voya Financial by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after buying an additional 248,795 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Voya Financial by 29.6% during the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock valued at $46,376,000 after buying an additional 148,810 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 0.9 %

Shares of Voya Financial stock opened at $80.68 on Friday. The company’s fifty day simple moving average is $79.82 and its 200-day simple moving average is $74.39. The stock has a market capitalization of $7.76 billion, a PE ratio of 12.85, a P/E/G ratio of 0.57 and a beta of 1.03. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 EPS. As a group, equities analysts anticipate that Voya Financial, Inc. will post 8.2 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders 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 annualized dividend and a dividend yield of 2.23%. Voya Financial’s payout ratio is 28.66%.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Barclays increased their price target on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Morgan Stanley dropped their target price on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Piper Sandler raised their target price on shares of Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on shares of Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.37% of the company’s stock.

About Voya Financial

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.