Massachusetts Financial Services Co. MA Trims Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Massachusetts Financial Services Co. MA lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,665,825 shares of the asset manager's stock after selling 8,011 shares during the period. Massachusetts Financial Services Co. MA owned 2.77% of Voya Financial worth $180,636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VOYA. Kelly Financial Group LLC acquired a new stake in shares of Voya Financial during the 1st quarter worth approximately $270,680,000. Norges Bank bought a new position in Voya Financial during the fourth quarter worth $96,508,000. First Trust Advisors LP grew its holdings in Voya Financial by 52.9% in the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock worth $98,950,000 after purchasing an additional 497,348 shares during the period. Balyasny Asset Management L.P. increased its stake in Voya Financial by 278.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 460,803 shares of the asset manager's stock valued at $31,717,000 after purchasing an additional 339,139 shares in the last quarter. Finally, FMR LLC increased its stake in Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock valued at $219,274,000 after purchasing an additional 301,682 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

Voya Financial stock traded up $0.05 during mid-day trading on Friday, reaching $72.45. 400,561 shares of the company's stock were exchanged, compared to its average volume of 884,968. The business's fifty day simple moving average is $69.07 and its 200 day simple moving average is $67.45. 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 one year low of $52.43 and a one year high of $84.30. The firm has a market capitalization of $6.97 billion, a PE ratio of 13.67, a P/E/G ratio of 0.67 and a beta of 1.00.

Voya Financial (NYSE:VOYA - Get Free Report) last released 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 company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.77 EPS. On average, sell-side analysts expect 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. Shareholders of record on Tuesday, May 27th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial's payout ratio is 33.96%.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VOYA has been the subject of several research reports. Bank of America restated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Wells Fargo & Company upped their price objective on shares of Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley set a $89.00 price objective on shares of Voya Financial and gave the company an "overweight" rating in a report on Monday, July 14th. Barclays raised 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, July 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.18.

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.