Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Burney Co.

Burney Co. reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,638 shares of the asset manager’s stock after selling 660 shares during the quarter. Burney Co.’s holdings in Voya Financial were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Voya Financial in the fourth quarter valued at $713,000. GAMMA Investing LLC purchased a new position in Voya Financial during the 4th quarter valued at about $49,000. New York Life Investment Management LLC lifted its holdings in shares of Voya Financial by 15.1% in the fourth quarter. New York Life Investment Management LLC now owns 11,974 shares of the asset manager’s stock valued at $874,000 after purchasing an additional 1,574 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Voya Financial by 6.8% in the 4th quarter. Natixis Advisors L.P. now owns 44,888 shares of the asset manager’s stock valued at $3,275,000 after buying an additional 2,854 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Voya Financial by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 681,329 shares of the asset manager’s stock valued at $49,710,000 after buying an additional 18,316 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VOYA. Bank of America raised their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Jefferies Financial Group raised their target price on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their price objective on Voya Financial from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their target price on shares of Voya Financial from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Morgan Stanley dropped their target price on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.40.

Voya Financial Stock Up 0.5 %

Shares of Voya Financial stock traded up $0.35 during midday trading on Friday, hitting $69.87. The company’s stock had a trading volume of 3,132 shares, compared to its average volume of 811,594. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $76.75. The stock has a 50-day simple moving average of $70.01 and a 200-day simple moving average of $70.72. The firm has a market capitalization of $7.04 billion, a P/E ratio of 9.88, a PEG ratio of 0.47 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. Voya Financial’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. As a group, sell-side analysts expect that Voya Financial, Inc. will post 8.45 earnings per share for the current year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, August 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 27th. Voya Financial’s dividend payout ratio (DPR) is presently 25.57%.

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.