Millennium Management LLC Cuts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

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

Other hedge funds also recently added to or reduced their stakes in the company. Impax Asset Management Group plc raised its position in shares of Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after buying an additional 2,131,578 shares in the last quarter. Norges Bank acquired a new stake in shares of Voya Financial in the fourth quarter worth $96,508,000. Wealthfront Advisers LLC acquired a new position in Voya Financial during the 4th quarter valued at $67,214,000. Bank of New York Mellon Corp increased its holdings in Voya Financial by 15.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after buying an additional 876,399 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of 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 worth $98,950,000 after purchasing an additional 497,348 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Trading Up 0.1%

Shares of Voya Financial stock opened at $65.67 on Friday. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The firm has a market cap of $6.32 billion, a PE ratio of 10.73, a P/E/G ratio of 0.48 and a beta of 0.95. The stock has a fifty day moving average price of $62.53 and a 200-day moving average price of $68.51. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.56. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $1.77 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders 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 yield of 2.74%. Voya Financial's dividend payout ratio is currently 33.96%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VOYA. Bank of America reiterated an "underperform" rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. UBS Group dropped their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. lowered their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley increased their price target on Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Voya Financial presently has a consensus rating of "Hold" and an average target price of $81.92.

Insider Activity

In related news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction that occurred 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 now owns 355 shares in the company, valued at $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.99% of the company's stock.

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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