Illinois Municipal Retirement Fund Raises Position in Voya Financial, Inc. (NYSE:VOYA)

Illinois Municipal Retirement Fund grew its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 29.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,785 shares of the asset manager's stock after buying an additional 13,712 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Voya Financial worth $4,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Voya Financial by 3.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,849 shares of the asset manager's stock valued at $1,504,000 after purchasing an additional 667 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Voya Financial during the fourth quarter valued at $3,806,000. Parkside Financial Bank & Trust increased its position in Voya Financial by 13.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager's stock valued at $105,000 after purchasing an additional 184 shares during the period. US Bancorp DE lifted its position in shares of Voya Financial by 14.9% in the 4th quarter. US Bancorp DE now owns 4,199 shares of the asset manager's stock worth $289,000 after purchasing an additional 544 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after acquiring an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on VOYA shares. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. 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 report on Tuesday, May 13th. Barclays set a $70.00 price objective on shares of Voya Financial in a research report on Wednesday, May 7th. UBS Group dropped their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $88.00 price target (up previously from $86.00) on shares of Voya Financial in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, five have issued 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 $82.08.

Insider Transactions at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the business's 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 owned 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Voya Financial Stock Down 0.2%

Voya Financial stock traded down $0.12 during trading on Wednesday, reaching $72.39. The stock had a trading volume of 408,979 shares, compared to its average volume of 884,698. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The stock has a market cap of $6.96 billion, a PE ratio of 13.67, a P/E/G ratio of 0.59 and a beta of 1.00. The business has a 50 day moving average price of $66.09 and a 200 day moving average price of $67.04.

Voya Financial (NYSE:VOYA - Get Free Report) last issued 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 firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The company's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 earnings per share. On average, analysts predict 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 was paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th were issued a $0.45 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.49%. Voya Financial's payout ratio is currently 33.96%.

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.