Voya Financial, Inc. $VOYA Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its stake in Voya Financial by 22.0%, owning 0.34% of the company worth approximately $21.95 million after selling 91,392 shares.
• Voya Financial reported a quarterly EPS of $2.40, exceeding the consensus estimate of $2.09, despite a 2.6% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.45 per share, set to be paid on September 26th, with a current dividend yield of 2.4%.

Invesco Ltd. trimmed its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 22.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 323,988 shares of the asset manager's stock after selling 91,392 shares during the period. Invesco Ltd. owned 0.34% of Voya Financial worth $21,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VOYA. Raymond James Financial Inc. acquired a new position in shares of Voya Financial in the 4th quarter valued at about $8,018,000. Barclays PLC lifted its stake in shares of Voya Financial by 56.1% in the 4th quarter. Barclays PLC now owns 76,298 shares of the asset manager's stock valued at $5,251,000 after purchasing an additional 27,408 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Voya Financial in the 4th quarter valued at about $677,000. Canada Pension Plan Investment Board acquired a new position in shares of Voya Financial in the 4th quarter valued at about $1,707,000. Finally, GeoWealth Management LLC lifted its stake in shares of Voya Financial by 446.7% in the 4th quarter. GeoWealth Management LLC now owns 1,591 shares of the asset manager's stock valued at $110,000 after purchasing an additional 1,300 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Voya Financial stock opened at $74.9720 on Thursday. The stock's 50 day moving average price is $71.05 and its 200 day moving average price is $67.82. The firm has a market capitalization of $7.23 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $2.18 EPS. Voya Financial's revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts expect 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 Friday, September 26th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.4%. Voya Financial's payout ratio is currently 36.00%.

Insider Transactions at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of Voya Financial 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 sale, the director directly owned 355 shares in the company, 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 owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on VOYA. Evercore ISI lifted their price objective on Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Wells Fargo & Company lifted their price objective on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Morgan Stanley lifted their price objective on Voya Financial from $89.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank Of Canada boosted their price target on Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price target on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $83.70.

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.

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