Voya Financial, Inc. $VOYA Shares Sold by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC decreased its holdings in Voya Financial by 39.7% in the first quarter, now owning 7,691 shares worth approximately $521,000.
• Several institutional investors have also modified their positions, with Versant Capital Management Inc increasing its stake by 666.4% during the same period.
• Voya Financial plans to pay a quarterly dividend of $0.45 on September 26th, representing an annualized yield of 2.3%.

Belpointe Asset Management LLC lowered its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 39.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,691 shares of the asset manager's stock after selling 5,056 shares during the period. Belpointe Asset Management LLC's holdings in Voya Financial were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in Voya Financial by 247.1% in the 1st quarter. Jane Street Group LLC now owns 190,035 shares of the asset manager's stock valued at $12,877,000 after purchasing an additional 135,292 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in Voya Financial by 31.7% in the 1st quarter. SageView Advisory Group LLC now owns 6,438 shares of the asset manager's stock valued at $436,000 after purchasing an additional 1,550 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Voya Financial in the 1st quarter valued at $160,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Voya Financial by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager's stock valued at $25,081,000 after purchasing an additional 6,127 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Voya Financial in the 1st quarter valued at $30,022,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VOYA shares. Morgan Stanley raised their target price on Voya Financial from $89.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. raised their target price on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their target price on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group raised their target price on Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Barclays raised their target price on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Voya Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.70.

Voya Financial Trading Down 0.2%

Shares of NYSE:VOYA traded down $0.19 during midday trading on Monday, reaching $77.00. 845,250 shares of the company's stock were exchanged, compared to its average volume of 748,162. The firm's 50 day simple moving average is $73.37 and its two-hundred day simple moving average is $68.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 0.61 and a beta of 1.00. 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 issued its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.31. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The company's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $2.18 EPS. As a group, sell-side analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 26th. Voya Financial's payout ratio is currently 36.00%.

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.