Parkside Financial Bank & Trust Trims Stake in Voya Financial, Inc. (NYSE:VOYA)

Parkside Financial Bank & Trust decreased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 622 shares of the asset manager’s stock after selling 196 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Voya Financial were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Voya Financial by 7.8% in the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock worth $695,436,000 after purchasing an additional 752,851 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in Voya Financial by 1,722.3% during the third quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager’s stock valued at $40,718,000 after buying an additional 579,128 shares during the period. Qube Research & Technologies Ltd boosted its position in Voya Financial by 405.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 314,293 shares of the asset manager’s stock valued at $20,885,000 after acquiring an additional 252,087 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Voya Financial by 141.0% in the 3rd quarter. AQR Capital Management LLC now owns 315,982 shares of the asset manager’s stock worth $20,997,000 after acquiring an additional 184,864 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Voya Financial by 67.4% in the third quarter. Invesco Ltd. now owns 423,702 shares of the asset manager’s stock valued at $28,155,000 after purchasing an additional 170,605 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

VOYA opened at $68.35 on Friday. The firm has a fifty day moving average price of $69.75 and a 200 day moving average price of $70.27. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $77.28. The stock has a market cap of $6.93 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.46 and a beta of 1.06. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. The business had revenue of $236.00 million for the quarter, compared to analyst estimates of $304.66 million. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial’s payout ratio is currently 29.47%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Wells Fargo & Company boosted their target price on Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. StockNews.com upgraded Voya Financial from a “sell” rating to a “hold” rating in a research note on Saturday, December 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $82.00 price objective on shares of Voya Financial in a report on Monday, January 8th. Finally, Evercore ISI boosted their price target on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.50.

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.