Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 8.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,257 shares of the asset manager's stock after selling 5,032 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Voya Financial worth $3,744,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Kelly Financial Group LLC acquired a new position in Voya Financial during the 1st quarter worth $270,680,000. Impax Asset Management Group plc boosted its stake in shares of Voya Financial by 277.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after buying an additional 2,131,578 shares during the period. Norges Bank acquired a new position in shares of Voya Financial during the fourth quarter worth about $96,508,000. Wealthfront Advisers LLC purchased a new stake in shares of Voya Financial during the fourth quarter worth approximately $67,214,000. Finally, Bank of New York Mellon Corp lifted its stake in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after acquiring an additional 876,399 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director now owns 355 shares in the company, valued at $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.99% of the stock is owned by corporate insiders.

Voya Financial Stock Performance

VOYA stock traded up $0.53 on Friday, hitting $70.78. The company's stock had a trading volume of 1,145,270 shares, compared to its average volume of 977,555. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.57 and a beta of 0.99. The firm has a 50 day moving average of $65.18 and a two-hundred day moving average of $67.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58. 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 released its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.80 annualized dividend and a yield of 2.54%. Voya Financial's dividend payout ratio is currently 33.96%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VOYA. Barclays set a $70.00 price objective on shares of Voya Financial in a research report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. UBS Group decreased their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Bank of America reaffirmed an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Finally, Wells Fargo & Company raised their target price on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. One 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $82.08.

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.