Voya Financial, Inc. (NYSE:VOYA) Holdings Lowered by M&T Bank Corp

M&T Bank Corp lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,275 shares of the asset manager’s stock after selling 221 shares during the quarter. M&T Bank Corp’s holdings in Voya Financial were worth $418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings 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 valued at $212,152,000 after acquiring an additional 38,438 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after purchasing an additional 20,788 shares in the last quarter. FMR LLC grew its stake in shares of Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Voya Financial by 52.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,878 shares of the asset manager’s stock worth $4,506,000 after purchasing an additional 19,654 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

VOYA has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on Voya Financial from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Tuesday, December 10th. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Wells Fargo & Company cut their price objective on Voya Financial from $92.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Finally, Barclays decreased their target price on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.08.

Voya Financial Trading Down 3.1 %

Shares of VOYA stock opened at $65.93 on Thursday. The company has a market capitalization of $6.34 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.54 and a beta of 1.02. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $80.00 and a 200 day moving average price of $74.96.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm posted $2.07 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Research analysts forecast that Voya Financial, Inc. will post 8.09 earnings per share for the current fiscal 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 2.73%. Voya Financial’s payout ratio is presently 28.66%.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

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.