Point72 Asia Singapore Pte. Ltd. Has $211,000 Holdings in Voya Financial, Inc. (NYSE:VOYA)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOYA. Impax Asset Management Group plc lifted its holdings in Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after acquiring an additional 2,131,578 shares in the last quarter. Norges Bank bought a new stake in shares of Voya Financial in the fourth quarter valued at about $96,508,000. Wealthfront Advisers LLC bought a new stake in shares of Voya Financial in the fourth quarter valued at about $67,214,000. Bank of New York Mellon Corp lifted its holdings in shares of Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after purchasing an additional 876,399 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in shares of Voya Financial in the fourth quarter valued at about $47,155,000. 96.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a report on Monday. JPMorgan Chase & Co. cut their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Barclays set a $70.00 price target on Voya Financial in a report on Wednesday, May 7th. Keefe, Bruyette & Woods boosted their price target on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price target on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Voya Financial has a consensus rating of "Hold" and an average target price of $82.00.

Voya Financial Stock Down 3.1%

Shares of NYSE:VOYA traded down $2.14 during midday trading on Wednesday, reaching $66.98. The company had a trading volume of 1,090,748 shares, compared to its average volume of 875,945. The business's 50 day moving average price is $63.01 and its 200 day moving average price is $69.66. The stock has a market cap of $6.44 billion, a PE ratio of 10.94, a P/E/G ratio of 0.48 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly 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 firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.77 earnings per share. Research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, May 27th. Voya Financial's dividend payout ratio (DPR) is presently 33.96%.

Voya Financial Company 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.