KBC Group NV Sells 5,061 Shares of Voya Financial, Inc. (NYSE:VOYA)

KBC Group NV cut its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 53.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares during the period. Quarry LP bought a new stake in shares of Voya Financial in the fourth quarter valued at approximately $37,000. Versant Capital Management Inc raised its position in shares of Voya Financial by 666.4% in the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after purchasing an additional 773 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Voya Financial by 36.9% in the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after purchasing an additional 256 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction on 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 owned 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.99% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on VOYA shares. UBS Group lowered their price target 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. Barclays boosted their price target on shares of Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Morgan Stanley reaffirmed an "overweight" rating and set a $88.00 target price (up previously from $86.00) on shares of Voya Financial in a report on Tuesday, June 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. One 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $83.25.

Voya Financial Price Performance

VOYA stock traded up $0.14 during midday trading on Wednesday, reaching $72.88. The company had a trading volume of 954,459 shares, compared to its average volume of 889,294. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a market capitalization of $7.01 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.64 and a beta of 1.00. The firm has a 50-day moving average price of $67.74 and a 200-day moving average price of $67.26.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly 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. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The business had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The business's quarterly revenue was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

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

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.