CX Institutional Purchases New Shares in Voya Financial, Inc. (NYSE:VOYA)

CX Institutional purchased a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 63,141 shares of the asset manager's stock, valued at approximately $4,278,000. CX Institutional owned approximately 0.07% of Voya Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VOYA. Impax Asset Management Group plc lifted its holdings in shares of Voya Financial by 277.8% in the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after purchasing an additional 2,131,578 shares in the last quarter. Norges Bank purchased a new position in shares of Voya Financial during the fourth quarter valued at approximately $96,508,000. Wealthfront Advisers LLC purchased a new position in shares of Voya Financial during the fourth quarter valued at approximately $67,214,000. Bank of New York Mellon Corp lifted its stake in shares of Voya Financial by 15.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Voya Financial by 52.9% during the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after buying an additional 497,348 shares during the period. Hedge funds and other institutional investors own 96.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. 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 note on Tuesday, May 13th. Morgan Stanley upped their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Bank of America reissued an "underperform" rating and set a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. UBS Group reduced their price objective on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Finally, Wells Fargo & Company increased their price target on shares of Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. One equities research 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, the stock presently has an average rating of "Hold" and a consensus price target of $81.92.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction 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 directly owns 355 shares of the company's stock, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.99% of the company's stock.

Voya Financial Trading Up 1.5%

Shares of Voya Financial stock traded up $1.03 during trading hours on Thursday, hitting $68.06. The company's stock had a trading volume of 1,148,970 shares, compared to its average volume of 884,595. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The business has a fifty day moving average of $62.80 and a 200 day moving average of $68.15. The company has a market capitalization of $6.55 billion, a PE ratio of 11.12, a P/E/G ratio of 0.48 and a beta of 0.99. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The business's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, May 27th. Voya Financial's payout ratio is currently 33.96%.

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.