Massachusetts Financial Services Co. MA Has $206.88 Million Holdings in Voya Financial, Inc. (NYSE:VOYA)

Massachusetts Financial Services Co. MA cut its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,835,575 shares of the asset manager's stock after selling 78,268 shares during the period. Massachusetts Financial Services Co. MA owned about 2.71% of Voya Financial worth $206,884,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in Voya Financial by 4.4% in the 3rd quarter. Raymond James & Associates now owns 97,454 shares of the asset manager's stock valued at $6,476,000 after buying an additional 4,117 shares in the last quarter. New York State Teachers Retirement System boosted its position in Voya Financial by 3.0% during the third quarter. New York State Teachers Retirement System now owns 37,306 shares of the asset manager's stock worth $2,479,000 after acquiring an additional 1,078 shares during the last quarter. State of Michigan Retirement System boosted its position in Voya Financial by 4.5% during the third quarter. State of Michigan Retirement System now owns 25,316 shares of the asset manager's stock worth $1,682,000 after acquiring an additional 1,100 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Voya Financial by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the asset manager's stock worth $1,017,000 after acquiring an additional 3,018 shares during the last quarter. Finally, Securian Asset Management Inc. boosted its position in Voya Financial by 2.6% during the third quarter. Securian Asset Management Inc. now owns 8,959 shares of the asset manager's stock worth $595,000 after acquiring an additional 225 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Up 0.8 %

Shares of VOYA traded up $0.58 during midday trading on Wednesday, hitting $74.20. The company had a trading volume of 541,633 shares, compared to its average volume of 876,391. The company's 50 day moving average price is $70.75 and its 200 day moving average price is $70.80. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.54 and a beta of 1.06. Voya Financial, Inc. has a 52 week low of $63.02 and a 52 week high of $77.00. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.30. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The company's revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 EPS. On average, equities research analysts predict that Voya Financial, Inc. will post 8.53 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial's dividend payout ratio (DPR) is presently 22.73%.

Wall Street Analyst Weigh In

VOYA has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Voya Financial from $91.00 to $92.00 and gave the company an "overweight" rating in a report on Friday, May 10th. Evercore ISI lifted their price target on shares of Voya Financial from $79.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, April 11th. Morgan Stanley decreased their price target on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, March 1st. Royal Bank of Canada reduced their target price on shares of Voya Financial from $85.00 to $83.00 and set an "outperform" rating on the stock in a report on Thursday, February 8th. Finally, Piper Sandler lifted their target price on shares of Voya Financial from $78.00 to $86.00 and gave the company an "overweight" rating in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.44.

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.