Mitsubishi UFJ Trust & Banking Corp Sells 14,974 Shares of Voya Financial, Inc. $VOYA

Key Points

• Mitsubishi UFJ Trust & Banking trimmed its Voya stake by 12%, selling 14,974 shares and leaving it with 110,244 shares worth about $8.21 million (≈0.12% of the company) at the end of the quarter.
• Brokerages are generally positive on VOYA — the stock has an average rating of "Moderate Buy" with an average price target of $86.30, alongside recent buy/outperform calls from TD Cowen, Morgan Stanley, RBC and Barclays.
• Voya announced a quarterly dividend of $0.47 (annualized $1.88, ~2.3% yield) payable June 26, and its latest quarter showed a revenue beat ($2.01B) but an EPS miss ($1.94 vs. $2.11 estimate).

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,244 shares of the asset manager's stock after selling 14,974 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.12% of Voya Financial worth $8,212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VOYA. Root Financial Partners LLC bought a new stake in Voya Financial during the third quarter worth $26,000. Allworth Financial LP grew its stake in Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager's stock valued at $26,000 after purchasing an additional 151 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Voya Financial during the 4th quarter valued at $33,000. Rothschild Investment LLC increased its position in shares of Voya Financial by 5,180.0% during the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager's stock valued at $39,000 after purchasing an additional 518 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Voya Financial by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager's stock worth $39,000 after purchasing an additional 475 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VOYA. TD Cowen began coverage on shares of Voya Financial in a report on Monday, April 20th. They issued a "buy" rating and a $100.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Voya Financial from $93.00 to $86.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 3rd. Royal Bank Of Canada boosted their target price on shares of Voya Financial from $85.00 to $87.00 and gave the company an "outperform" rating in a research note on Monday, February 9th. Weiss Ratings downgraded shares of Voya Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, April 6th. Finally, Barclays decreased their price target on shares of Voya Financial from $92.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Voya Financial presently has an average rating of "Moderate Buy" and an average target price of $86.30.

Voya Financial Stock Performance

Shares of VOYA stock opened at $82.69 on Friday. The firm's 50 day moving average is $70.69 and its 200 day moving average is $72.76. The stock has a market capitalization of $7.64 billion, a P/E ratio of 13.15, a PEG ratio of 0.56 and a beta of 0.94. Voya Financial, Inc. has a 12 month low of $59.90 and a 12 month high of $83.55. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The company's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. On average, sell-side analysts anticipate that Voya Financial, Inc. will post 9.74 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 2.3%. Voya Financial's dividend payout ratio is currently 29.89%.

Voya Financial Profile

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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