KBC Group NV Has $293,000 Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

KBC Group NV decreased its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 53.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,323 shares of the asset manager's stock after selling 5,061 shares during the quarter. KBC Group NV's holdings in Voya Financial were worth $293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kelly Financial Group LLC acquired a new position in Voya Financial during the first quarter worth $270,680,000. Norges Bank bought a new position in shares of Voya Financial in the 4th quarter valued at about $96,508,000. Wealthfront Advisers LLC acquired a new position in shares of Voya Financial during the 4th quarter worth about $67,214,000. First Trust Advisors LP lifted its stake in Voya Financial by 52.9% in the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after purchasing an additional 497,348 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Voya Financial by 278.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 460,803 shares of the asset manager's stock worth $31,717,000 after purchasing an additional 339,139 shares during the period. Institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

NYSE:VOYA opened at $72.90 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.66 and a beta of 1.00. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The firm's 50-day simple moving average is $66.95 and its 200 day simple moving average is $67.14.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The company 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 firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. As a group, sell-side analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is currently 33.96%.

Insider Activity at Voya Financial

In other Voya Financial 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 transaction, the director directly owned 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on VOYA. Wells Fargo & Company upped their price objective on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. UBS Group dropped their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research note 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. Morgan Stanley reissued an "overweight" rating and issued a $88.00 price objective (up from $86.00) on shares of Voya Financial in a research report on Tuesday, June 24th. Finally, Barclays set a $70.00 target price on shares of Voya Financial in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $82.08.

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.

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