Gateway Investment Advisers LLC Sells 26,675 Shares of Voya Financial, Inc. $VOYA

Key Points

• Gateway Investment Advisers LLC significantly reduced its stake in Voya Financial by 74.7%, holding only 9,024 shares valued at $641,000 after selling 26,675 shares in the second quarter.
• Equities analysts are optimistic about Voya Financial, with several raising their price targets; the consensus rating is currently a "Moderate Buy" with an average price target of $83.70.
• Voya Financial recently announced a quarterly dividend of $0.45 per share, which will be paid on September 26th, representing an annualized yield of 2.3%.

Gateway Investment Advisers LLC reduced its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 74.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,024 shares of the asset manager's stock after selling 26,675 shares during the quarter. Gateway Investment Advisers LLC's holdings in Voya Financial were worth $641,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VOYA. Kelly Financial Group LLC bought a new position in Voya Financial in the 1st quarter worth about $270,680,000. Price T Rowe Associates Inc. MD increased its stake in Voya Financial by 23.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager's stock worth $384,849,000 after acquiring an additional 1,095,190 shares during the last quarter. Woodline Partners LP bought a new position in Voya Financial in the 1st quarter worth about $30,022,000. Wellington Management Group LLP increased its stake in Voya Financial by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager's stock worth $373,505,000 after acquiring an additional 280,316 shares during the last quarter. Finally, Algebris UK Ltd increased its stake in Voya Financial by 250.0% in the 1st quarter. Algebris UK Ltd now owns 354,351 shares of the asset manager's stock worth $22,206,000 after acquiring an additional 253,100 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Stock Down 0.7%

Shares of NYSE:VOYA traded down $0.54 during trading on Monday, hitting $76.07. The stock had a trading volume of 79,488 shares, compared to its average volume of 922,434. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a market capitalization of $7.33 billion, a PE ratio of 15.21, a PEG ratio of 0.57 and a beta of 1.00. The firm's fifty day moving average is $73.64 and its 200 day moving average is $68.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $2.18 EPS. The business's revenue was down 2.6% compared to the same quarter last year. Analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 26th. Voya Financial's dividend payout ratio (DPR) is 36.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on VOYA. Royal Bank Of Canada increased their price objective on Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. UBS Group increased their price objective on Voya Financial from $87.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Evercore ISI increased their price objective on Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Finally, Barclays increased their price objective on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.70.

Voya Financial Company 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.