UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Voya Financial, Inc. (NYSE:VOYA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,017 shares of the asset manager's stock after selling 184,836 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.38% of Voya Financial worth $25,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vident Advisory LLC acquired a new position in shares of Voya Financial during the 4th quarter worth $250,000. Victory Capital Management Inc. raised its holdings in shares of Voya Financial by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock worth $22,561,000 after buying an additional 11,336 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of Voya Financial by 420.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock worth $4,812,000 after buying an additional 52,032 shares in the last quarter. KBC Group NV raised its holdings in shares of Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock worth $646,000 after buying an additional 6,781 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after buying an additional 15,902 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Insider Activity

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 transaction of $112,506.00. Following the transaction, the director now directly owns 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.99% of the stock is owned by company insiders.

Voya Financial Trading Up 0.2%

Shares of NYSE:VOYA traded up $0.11 during midday trading on Friday, reaching $66.60. The company's stock had a trading volume of 677,592 shares, compared to its average volume of 875,846. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 0.48 and a beta of 0.95. 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 50 day moving average price of $62.73 and a two-hundred day moving average price of $68.76. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The company had revenue of $1.97 billion for 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%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 EPS. As a group, 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 Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be paid a $0.45 dividend. 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 is 33.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group reduced their price objective 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. Keefe, Bruyette & Woods boosted 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. Bank of America restated an "underperform" rating and set a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Morgan Stanley boosted their price objective on Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Barclays set a $70.00 price objective on Voya Financial in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.