Price T Rowe Associates Inc. MD Sells 96,407 Shares of Voya Financial, Inc. (NYSE:VOYA)

Price T Rowe Associates Inc. MD trimmed its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,584,390 shares of the asset manager's stock after selling 96,407 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 4.76% of Voya Financial worth $315,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its position in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after buying an additional 15,902 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Voya Financial during the 3rd quarter worth about $209,000. Retirement Systems of Alabama grew its stake in shares of Voya Financial by 8.2% in the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager's stock valued at $21,575,000 after buying an additional 20,750 shares during the period. Miracle Mile Advisors LLC bought a new stake in Voya Financial in the 4th quarter valued at about $1,379,000. Finally, Oak Thistle LLC acquired a new position in Voya Financial during the 4th quarter worth approximately $301,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Performance

NYSE:VOYA traded down $0.13 during trading hours on Thursday, reaching $59.07. The company had a trading volume of 136,252 shares, compared to its average volume of 856,522. The firm's 50 day moving average price is $63.96 and its 200-day moving average price is $71.22. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 0.48 and a beta of 0.93. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 annualized dividend and a yield of 3.05%. Voya Financial's payout ratio is currently 29.41%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VOYA shares. Keefe, Bruyette & Woods lowered their target price on Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Bank of America restated an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. UBS Group cut their price objective 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. Wells Fargo & Company decreased their target price on Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, Royal Bank of Canada cut their price objective on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Voya Financial has an average rating of "Hold" and an average target price of $80.92.

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.