ProShare Advisors LLC Decreases Stock Position in Voya Financial, Inc. (NYSE:VOYA)

ProShare Advisors LLC lowered its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,501 shares of the asset manager's stock after selling 4,071 shares during the period. ProShare Advisors LLC's holdings in Voya Financial were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the period. Quarry LP bought a new stake in Voya Financial in the 4th quarter worth approximately $37,000. R Squared Ltd bought a new stake in Voya Financial in the 4th quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC grew its position in Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after purchasing an additional 201 shares during the period. Institutional investors own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of VOYA stock traded up $0.11 during mid-day trading on Friday, reaching $66.60. 677,592 shares of the company's stock traded hands, compared to its average volume of 875,846. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $84.30. The firm has a 50 day moving average price of $62.73 and a two-hundred day moving average price of $68.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The firm has a market capitalization of $6.41 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95.

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 firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is 33.96%.

Insider Activity at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction 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 transaction, the director now owns 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on VOYA. Royal Bank of Canada cut their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley lifted their target price on shares of Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. One research 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. According to data from MarketBeat.com, the company presently has an average 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.