Voya Financial, Inc. (NYSE:VOYA) Stake Trimmed by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC cut its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 16.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,785 shares of the asset manager's stock after selling 4,200 shares during the quarter. Chesley Taft & Associates LLC's holdings in Voya Financial were worth $1,408,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. Quarry LP acquired a new position in Voya Financial in the fourth quarter valued at about $37,000. Venturi Wealth Management LLC grew its position in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Voya Financial by 666.4% in the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after acquiring an additional 773 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Up 1.5%

Voya Financial stock traded up $0.99 during midday trading on Friday, hitting $66.72. 934,320 shares of the stock were exchanged, compared to its average volume of 875,205. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 0.48 and a beta of 0.99. The stock's 50-day simple moving average is $62.53 and its 200 day simple moving average is $68.51. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $1.77 earnings per share. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.70%. Voya Financial's payout ratio is currently 33.96%.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several analyst reports. Bank of America reiterated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Keefe, Bruyette & Woods increased their price objective on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Wells Fargo & Company lifted their price target on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Morgan Stanley upped their price objective on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Barclays set a $70.00 price target on shares of Voya Financial in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $81.92.

Insider Buying and Selling

In related news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the sale, the director now owns 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.99% of the company's stock.

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.