UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Voya Financial, Inc. $VOYA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Voya Financial, Inc. (NYSE:VOYA) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,526,728 shares of the asset manager’s stock after selling 103,130 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Voya Financial were worth $138,215,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in 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 purchasing an additional 151 shares during the period. Danske Bank A S purchased a new stake in shares of Voya Financial during the 2nd quarter valued at $27,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Voya Financial during the 4th quarter valued at $28,000. Systematic Financial Management LP acquired a new stake in shares of Voya Financial during the 4th quarter worth $37,000. Finally, Root Financial Partners LLC increased its holdings in shares of Voya Financial by 59.6% during the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after buying an additional 214 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VOYA shares. Royal Bank Of Canada lifted their target price on Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Atlantic Securities set a $79.00 price target on Voya Financial in a research note on Wednesday, July 15th. Evercore restated an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on Voya Financial from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price for the company in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and an average target price of $103.85.

Insider Buying and Selling at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 2,887 shares of the company’s stock, valued at approximately $259,830. This trade represents a 58.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $101.22 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $103.85. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.98 and a beta of 0.90. The business has a 50-day moving average of $98.12 and a 200-day moving average of $84.06.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the company earned $1.66 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Voya Financial, Inc. will post 9.25 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. Voya Financial’s dividend payout ratio is 31.70%.

Voya Financial Profile

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.