Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 87.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,639 shares of the asset manager's stock after selling 38,257 shares during the quarter. Squarepoint Ops LLC's holdings in Voya Financial were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp grew its stake in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after buying an additional 183 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after buying an additional 327 shares during the last quarter. Quarry LP acquired a new stake in shares of Voya Financial in the fourth quarter valued at approximately $37,000. Venturi Wealth Management LLC grew its position in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after acquiring an additional 201 shares during the last quarter. Finally, LRI Investments LLC increased its holdings in shares of Voya Financial by 26.1% in the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after acquiring an additional 271 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the company'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 sale, the director now owns 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on VOYA shares. Barclays set a $70.00 price target on shares of Voya Financial in a research note on Wednesday, May 7th. Bank of America reaffirmed an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Keefe, Bruyette & Woods raised their price target on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. UBS Group dropped their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Voya Financial has an average rating of "Hold" and a consensus price target of $81.92.

Voya Financial Stock Performance

Shares of VOYA stock traded up $0.99 during trading hours on Friday, reaching $66.72. 934,320 shares of the company's stock were exchanged, compared to its average volume of 875,205. 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, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a market cap of $6.42 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.48 and a beta of 0.99. The company's 50 day moving average is $62.53 and its two-hundred day moving average is $68.51.

Voya Financial (NYSE:VOYA - Get Free Report) last released its 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 company 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 quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 annualized dividend and a yield of 2.70%. Voya Financial's payout ratio is currently 33.96%.

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.