Bank of New York Mellon Corp Has $347.72 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Bank of New York Mellon Corp cut its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 20.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,131,583 shares of the asset manager's stock after selling 1,340,694 shares during the period. Bank of New York Mellon Corp owned approximately 5.33% of Voya Financial worth $347,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. OneDigital Investment Advisors LLC boosted its holdings in Voya Financial by 25.5% in the first quarter. OneDigital Investment Advisors LLC now owns 5,088 shares of the asset manager's stock worth $345,000 after purchasing an additional 1,035 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Voya Financial by 0.3% during the first quarter. Principal Financial Group Inc. now owns 221,385 shares of the asset manager's stock valued at $15,001,000 after acquiring an additional 574 shares during the period. Meritage Portfolio Management boosted its holdings in Voya Financial by 1.9% during the first quarter. Meritage Portfolio Management now owns 14,030 shares of the asset manager's stock valued at $951,000 after acquiring an additional 261 shares during the period. Teacher Retirement System of Texas boosted its holdings in Voya Financial by 26.4% during the first quarter. Teacher Retirement System of Texas now owns 14,086 shares of the asset manager's stock valued at $954,000 after acquiring an additional 2,942 shares during the period. Finally, Confluence Wealth Services Inc. boosted its holdings in Voya Financial by 11.6% during the first quarter. Confluence Wealth Services Inc. now owns 15,411 shares of the asset manager's stock valued at $1,044,000 after acquiring an additional 1,606 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Price Performance

NYSE:VOYA traded up $0.34 during mid-day trading on Thursday, hitting $73.26. The company's stock had a trading volume of 597,731 shares, compared to its average volume of 888,133. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 0.64 and a beta of 1.00. The stock has a fifty day moving average of $67.74 and a 200-day moving average of $67.26. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.56. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The company's revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial's dividend payout ratio is currently 33.96%.

Insider Buying and Selling at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director owned 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VOYA shares. Wells Fargo & Company upped their price target on shares of Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday. Barclays upped their price target on shares of Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday. Bank of America restated an "underperform" rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Voya Financial currently has an average rating of "Hold" and an average target price of $83.75.

Voya Financial Profile

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.