Gateway Investment Advisers LLC Sells 34,024 Shares of Voya Financial, Inc. (NYSE:VOYA)

Gateway Investment Advisers LLC trimmed its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 48.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,699 shares of the asset manager's stock after selling 34,024 shares during the period. Gateway Investment Advisers LLC's holdings in Voya Financial were worth $2,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VOYA. SYSTM Wealth Solutions LLC raised its stake in Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager's stock valued at $31,000 after acquiring an additional 149 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of Voya Financial during the first quarter valued at about $43,000. Venturi Wealth Management LLC lifted its holdings in Voya Financial by 213.2% in the first quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager's stock worth $44,000 after purchasing an additional 405 shares during the period. GAMMA Investing LLC bought a new position in Voya Financial in the 4th quarter valued at about $49,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock valued at $62,000 after buying an additional 822 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $73.78, for a total transaction of $159,733.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.37% of the company's stock.

Voya Financial Stock Down 1.4 %

VOYA stock traded down $0.95 during midday trading on Monday, reaching $64.77. The company had a trading volume of 572,579 shares, compared to its average volume of 835,962. The company has a 50 day moving average of $71.38 and a two-hundred day moving average of $71.03. The company has a market capitalization of $6.37 billion, a P/E ratio of 9.20, a PEG ratio of 0.46 and a beta of 1.05. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $76.75. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.13. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $2.31 earnings per share. Voya Financial's quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Voya Financial, Inc. will post 8.48 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, August 27th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This is a boost from Voya Financial's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.78%. Voya Financial's dividend payout ratio is currently 22.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VOYA shares. Citigroup lifted their price target on Voya Financial from $86.00 to $91.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Bank of America increased their target price on shares of Voya Financial from $80.00 to $83.00 and gave the company a "buy" rating in a research note on Thursday, July 11th. Royal Bank of Canada restated an "outperform" rating and issued a $83.00 price target on shares of Voya Financial in a research report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on Voya Financial from $88.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, July 31st. Finally, Jefferies Financial Group raised their price objective on Voya Financial from $78.00 to $80.00 and gave the stock a "hold" rating in a research note on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.50.

Voya Financial 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.