Swiss National Bank Sells 7,000 Shares of Voya Financial, Inc. (NYSE:VOYA)

Swiss National Bank reduced its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,400 shares of the asset manager's stock after selling 7,000 shares during the quarter. Swiss National Bank owned about 0.19% of Voya Financial worth $12,630,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quarry LP purchased a new position in shares of Voya Financial in the fourth quarter valued at $37,000. Versant Capital Management Inc increased its position in shares of Voya Financial by 666.4% in the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after buying an additional 773 shares in the last quarter. Blue Trust Inc. increased its position in shares of Voya Financial by 36.9% in the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after buying an additional 256 shares in the last quarter. LRI Investments LLC increased its position in shares of Voya Financial by 26.1% in the fourth quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after buying an additional 271 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Voya Financial by 142.9% in the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock valued at $91,000 after buying an additional 790 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VOYA has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Wells Fargo & Company lifted their price objective on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Morgan Stanley set a $89.00 price objective on Voya Financial and gave the stock an "overweight" rating in a research report on Monday, July 14th. Keefe, Bruyette & Woods lifted their price objective on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Evercore ISI lifted their price objective on Voya Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Voya Financial has an average rating of "Hold" and a consensus price target of $83.40.

Voya Financial Price Performance

VOYA stock traded down $0.95 during trading hours on Friday, hitting $74.01. 590,341 shares of the stock traded hands, compared to its average volume of 888,114. The stock has a 50-day simple moving average of $70.65 and a 200 day simple moving average of $67.72. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30. The company has a market cap of $7.14 billion, a P/E ratio of 14.80, a P/E/G ratio of 0.60 and a beta of 0.99. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $2.18 EPS. Voya Financial's revenue for the quarter was down 2.6% on a year-over-year basis. Equities analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 26th. Voya Financial's dividend payout ratio is currently 36.00%.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director directly owned 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company's stock.

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.