Point72 Asia Singapore Pte. Ltd. Trims Stake in Voya Financial, Inc. (NYSE:VOYA)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 72.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,059 shares of the asset manager's stock after selling 8,139 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Voya Financial were worth $211,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Voya Financial by 48.2% in the third quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after purchasing an additional 15,902 shares during the last quarter. Oak Thistle LLC purchased a new position in Voya Financial during the 4th quarter valued at approximately $301,000. Park Avenue Securities LLC increased its stake in Voya Financial by 19.9% in the 4th quarter. Park Avenue Securities LLC now owns 9,610 shares of the asset manager's stock worth $661,000 after acquiring an additional 1,594 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Voya Financial in the 4th quarter worth approximately $47,155,000. Finally, Boston Common Asset Management LLC raised its holdings in shares of Voya Financial by 30.7% during the 4th quarter. Boston Common Asset Management LLC now owns 65,667 shares of the asset manager's stock worth $4,520,000 after acquiring an additional 15,431 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Trading Down 0.1%

Shares of VOYA stock traded down $0.09 on Thursday, reaching $66.89. 240,382 shares of the company's stock were exchanged, compared to its average volume of 874,818. The company's fifty day simple moving average is $63.02 and its 200 day simple moving average is $69.64. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.44 billion, a PE ratio of 10.93, a P/E/G ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 14.10% and a net margin of 8.29%. The business's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 earnings per share. As a group, analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. Voya Financial's payout ratio is 33.96%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research note on Monday. Barclays set a $70.00 price target on Voya Financial in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods upped their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on Voya Financial from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, UBS Group cut their target price on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $82.00.

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.