Oregon Public Employees Retirement Fund Sells 500 Shares of Voya Financial, Inc. (NYSE:VOYA)

Oregon Public Employees Retirement Fund cut its holdings in Voya Financial, Inc. (NYSE:VOYA) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,537 shares of the asset manager’s stock after selling 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Voya Financial were worth $1,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealthspire Advisors LLC boosted its holdings in Voya Financial by 5.3% in the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after buying an additional 148 shares during the period. Brooklyn Investment Group boosted its holdings in Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after buying an additional 169 shares during the period. CIBC Asset Management Inc lifted its stake in Voya Financial by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after purchasing an additional 177 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Voya Financial by 5.8% in the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after purchasing an additional 202 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Bank of America reiterated a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Royal Bank of Canada lowered their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays cut shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $72.32 on Friday. The stock has a market cap of $6.91 billion, a PE ratio of 11.82, a PEG ratio of 0.48 and a beta of 1.05. The company’s fifty day moving average is $70.45 and its 200 day moving average is $74.52. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s payout ratio is presently 29.41%.

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.