Voya Financial, Inc. $VOYA Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management reduced its Voya Financial stake by 6.3% in the second quarter, selling 103,130 shares and retaining 1.53 million shares worth approximately $138.2 million. Institutional investors collectively own 96.1% of the company.
• Voya reported quarterly EPS of $1.51, missing analysts’ $1.98 estimate, while revenue declined 4.3% year over year to $1.88 billion. The company maintains a quarterly dividend of $0.47 per share, yielding about 1.9%.
• Analysts remain generally positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $103.85; shares recently traded at $101.22, near their 12-month high of $103.85.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,526,728 shares of the asset manager's stock after selling 103,130 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.69% of Voya Financial worth $138,215,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VOYA. Allworth Financial LP boosted its position in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager's stock worth $26,000 after buying an additional 151 shares in the last quarter. Danske Bank A S purchased a new position in Voya Financial during the 2nd quarter valued at about $27,000. Atlas Capital Advisors Inc. acquired a new position in Voya Financial during the fourth quarter worth about $28,000. Systematic Financial Management LP purchased a new stake in shares of Voya Financial in the fourth quarter valued at about $37,000. Finally, Root Financial Partners LLC lifted its holdings in shares of Voya Financial by 59.6% in the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager's stock valued at $39,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $101.22 on Wednesday. The company has a 50-day simple moving average of $98.12 and a 200-day simple moving average of $84.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $9.17 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.98 and a beta of 0.90. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $103.85.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.90 billion. During the same period in the previous year, the company posted $1.66 EPS. The business's quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts anticipate that Voya Financial, Inc. will post 9.25 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial's dividend payout ratio is currently 31.70%.

Insider Activity

In other news, insider Trevor Ogle sold 3,994 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VOYA. Raymond James Financial raised shares of Voya Financial from a "market perform" rating to a "strong-buy" rating and set a $117.00 price objective for the company in a research note on Monday, June 8th. Royal Bank Of Canada upped their target price on Voya Financial from $107.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. UBS Group increased their target price on Voya Financial from $95.00 to $125.00 and gave the company a "buy" rating in a report on Friday, July 10th. Barclays raised their price target on Voya Financial from $98.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 7th. Finally, Morgan Stanley boosted their price target on Voya Financial from $92.00 to $105.00 and gave the stock an "overweight" rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.85.

About Voya Financial

Voya Financial, Inc NYSE: VOYA is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya's operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya's core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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