Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 29.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,246 shares of the asset manager's stock after selling 31,956 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.08% of Voya Financial worth $5,302,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp lifted its stake in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the last quarter. Quarry LP acquired a new position in Voya Financial during the fourth quarter worth approximately $37,000. Versant Capital Management Inc increased its position in Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after buying an additional 773 shares during the period. Blue Trust Inc. increased its position in Voya Financial by 36.9% during the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock worth $64,000 after buying an additional 256 shares during the period. Finally, LRI Investments LLC increased its position in Voya Financial by 26.1% during the fourth quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock worth $90,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 96.10% of the company's stock.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of recent research reports. Bank of America reissued an "underperform" rating and issued a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. UBS Group dropped their target price on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Barclays boosted their target price on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, Morgan Stanley set a $89.00 target price on Voya Financial and gave the company an "overweight" rating in a report on Monday. 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $83.83.

Voya Financial Price Performance

VOYA traded up $0.05 during trading on Friday, reaching $72.45. 400,561 shares of the stock were exchanged, compared to its average volume of 884,495. The business's 50 day moving average price is $68.96 and its two-hundred day moving average price is $67.43. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.66 and a beta of 1.00. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30.

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

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.48%. Voya Financial's payout ratio is 33.96%.

Insider Buying and Selling

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

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.