Bank of New York Mellon Corp Has $381.61 Million Stock Holdings in Voya Financial, Inc. $VOYA

Bank of New York Mellon Corp trimmed its holdings in Voya Financial, Inc. (NYSE:VOYA) by 12.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,585,571 shares of the asset manager’s stock after selling 829,040 shares during the period. Bank of New York Mellon Corp owned about 0.06% of Voya Financial worth $381,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP increased its position in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after acquiring an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Voya Financial during the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new stake in Voya Financial during the 4th quarter worth approximately $33,000. Systematic Financial Management LP purchased a new stake in shares of Voya Financial in the fourth quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the transaction, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This represents a 58.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on Voya Financial from $92.00 to $109.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Wells Fargo & Company raised their price objective on Voya Financial from $89.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Morgan Stanley lifted their price objective on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Finally, TD Cowen raised their price target on shares of Voya Financial from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $97.69.

Voya Financial Trading Down 0.8%

Shares of Voya Financial stock opened at $99.76 on Friday. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $103.85. The firm has a market cap of $9.05 billion, a PE ratio of 15.07, a P/E/G ratio of 0.92 and a beta of 0.91. The stock has a fifty day moving average price of $88.73 and a 200-day moving average price of $78.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. Equities research analysts anticipate that Voya Financial, Inc. will post 9.4 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 26th. Voya Financial’s payout ratio is presently 28.40%.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.