Squarepoint Ops LLC Cuts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Squarepoint Ops LLC reduced its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 87.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,639 shares of the asset manager's stock after selling 38,257 shares during the period. Squarepoint Ops LLC's holdings in Voya Financial were worth $388,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its position 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 in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Voya Financial by 207.0% during 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 period. Quarry LP bought a new stake in shares of Voya Financial in the fourth quarter valued at about $37,000. Venturi Wealth Management LLC raised its holdings in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in Voya Financial by 26.1% in the fourth quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock worth $90,000 after acquiring an additional 271 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 355 shares of the company's stock, valued at $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is currently owned by insiders.

Voya Financial Stock Up 2.0%

NYSE VOYA traded up $1.34 during trading on Monday, hitting $68.05. The company's stock had a trading volume of 1,367,274 shares, compared to its average volume of 878,033. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The company has a market cap of $6.55 billion, a PE ratio of 11.12, a P/E/G ratio of 0.48 and a beta of 0.99. The business's 50 day simple moving average is $62.50 and its 200-day simple moving average is $68.26. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30.

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

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial's payout ratio is 33.96%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group cut their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Barclays set a $70.00 price objective on shares of Voya Financial in a research note on Wednesday, May 7th. Morgan Stanley boosted their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Bank of America restated 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. Finally, Keefe, Bruyette & Woods lifted their price target on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Voya Financial has a consensus rating of "Hold" and a consensus price target of $81.92.

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.