Y Intercept Hong Kong Ltd Reduces Holdings in Voya Financial, Inc. (NYSE:VOYA)

Y Intercept Hong Kong Ltd cut its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 56.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,208 shares of the asset manager's stock after selling 28,423 shares during the period. Y Intercept Hong Kong Ltd's holdings in Voya Financial were worth $1,505,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kelly Financial Group LLC purchased a new position in Voya Financial in the 1st quarter valued at about $270,680,000. Norges Bank purchased a new stake in Voya Financial in the 4th quarter worth approximately $96,508,000. First Trust Advisors LP lifted its stake in shares of Voya Financial by 52.9% during the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock worth $98,950,000 after purchasing an additional 497,348 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Voya Financial by 278.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 460,803 shares of the asset manager's stock worth $31,717,000 after purchasing an additional 339,139 shares during the period. Finally, FMR LLC grew its position in shares of Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock valued at $219,274,000 after purchasing an additional 301,682 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction 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 transaction, the director owned 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on VOYA shares. Morgan Stanley increased their target price on Voya Financial from $88.00 to $89.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Wells Fargo & Company raised their price target on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group decreased their price target on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Keefe, Bruyette & Woods raised their price target on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Bank of America reiterated an "underperform" rating and issued a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Voya Financial currently has a consensus rating of "Hold" and an average target price of $83.50.

Voya Financial Stock Up 0.0%

Shares of NYSE:VOYA traded up $0.03 during midday trading on Friday, hitting $71.83. 743,058 shares of the company's stock traded hands, compared to its average volume of 939,230. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $6.91 billion, a PE ratio of 13.55, a P/E/G ratio of 0.67 and a beta of 1.00. The firm's fifty day moving average price is $69.27 and its two-hundred day moving average price is $67.54. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.56. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The business's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.77 EPS. On average, equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.51%. Voya Financial's payout ratio is 33.96%.

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.