Millennium Management LLC Sells 160,895 Shares of Voya Financial, Inc. (NYSE:VOYA)

Millennium Management LLC reduced its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 92.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,474 shares of the asset manager's stock after selling 160,895 shares during the quarter. Millennium Management LLC's holdings in Voya Financial were worth $927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Barclays PLC raised its holdings in Voya Financial by 48.2% during the third quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after acquiring an additional 15,902 shares in the last quarter. Trust Point Inc. raised its stake in shares of Voya Financial by 70.7% during the 4th quarter. Trust Point Inc. now owns 4,384 shares of the asset manager's stock worth $302,000 after purchasing an additional 1,815 shares in the last quarter. Confluence Wealth Services Inc. boosted its holdings in shares of Voya Financial by 28.0% in the 4th quarter. Confluence Wealth Services Inc. now owns 13,805 shares of the asset manager's stock valued at $966,000 after buying an additional 3,018 shares during the last quarter. Meritage Portfolio Management boosted its holdings in shares of Voya Financial by 65.6% in the 4th quarter. Meritage Portfolio Management now owns 13,769 shares of the asset manager's stock valued at $948,000 after buying an additional 5,455 shares during the last quarter. Finally, Vest Financial LLC grew its stake in shares of Voya Financial by 85.2% in the fourth quarter. Vest Financial LLC now owns 36,331 shares of the asset manager's stock valued at $2,501,000 after buying an additional 16,719 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the 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 now owns 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.99% of the stock is currently owned by company insiders.

Voya Financial Trading Up 2.0%

Shares of VOYA stock traded up $1.34 during mid-day trading on Monday, reaching $68.05. 1,354,589 shares of the stock traded hands, compared to its average volume of 878,033. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.48 and a beta of 0.99. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The stock's fifty day simple moving average is $62.50 and its two-hundred day simple moving average is $68.26. 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 issued its quarterly earnings data 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 net margin of 8.29% and a return on equity of 14.10%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $1.77 EPS. The firm's quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.65%. Voya Financial's dividend payout ratio is 33.96%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. 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 upped their price target on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. UBS Group cut their price objective on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Barclays set a $70.00 price objective on Voya Financial in a report on Wednesday, May 7th. Finally, Wells Fargo & Company increased their target price on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. One 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $81.92.

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.