Nuveen Asset Management LLC Sells 73,375 Shares of Voya Financial, Inc. (NYSE:VOYA)

Nuveen Asset Management LLC cut its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,292 shares of the asset manager's stock after selling 73,375 shares during the quarter. Nuveen Asset Management LLC owned about 0.41% of Voya Financial worth $27,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VOYA. Jones Financial Companies Lllp lifted its holdings in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Voya Financial by 207.0% during the 4th 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 last quarter. Quarry LP acquired a new stake in Voya Financial during the 4th quarter valued at $37,000. R Squared Ltd acquired a new stake in Voya Financial during the 4th quarter valued at $41,000. Finally, Venturi Wealth Management LLC lifted its holdings in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Voya Financial Price Performance

VOYA stock traded up $1.95 during midday trading on Tuesday, reaching $67.24. The company had a trading volume of 257,667 shares, compared to its average volume of 876,000. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The stock has a 50 day moving average price of $62.91 and a 200-day moving average price of $69.21. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. 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 posted its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Voya Financial's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.77 earnings per share. Equities research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's dividend payout ratio is presently 33.96%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VOYA. Morgan Stanley raised their price target on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. cut their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company raised their price target on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Royal Bank of Canada dropped their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, Bank of America reissued 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. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Voya Financial presently has a consensus rating of "Hold" and a consensus target price of $81.92.

About Voya Financial

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.