T. Rowe Price Investment Management Inc. Reduces Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

T. Rowe Price Investment Management Inc. decreased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 782,543 shares of the asset manager's stock after selling 505,654 shares during the period. T. Rowe Price Investment Management Inc. owned 0.81% of Voya Financial worth $53,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp boosted its stake in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after buying an additional 327 shares during the period. R Squared Ltd purchased a new stake in shares of Voya Financial in the fourth quarter worth approximately $41,000. Venturi Wealth Management LLC raised its holdings in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after buying an additional 201 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Down 0.1 %

NYSE:VOYA traded down $0.08 during midday trading on Thursday, reaching $59.12. 160,964 shares of the stock traded hands, compared to its average volume of 856,612. The stock has a market capitalization of $5.69 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The business has a 50-day moving average of $63.96 and a two-hundred day moving average of $71.22.

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

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a yield of 3.04%. Voya Financial's dividend payout ratio (DPR) is 29.41%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank of Canada reduced their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Barclays decreased their price objective on shares of Voya Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a report on Friday, April 11th. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Wells Fargo & Company decreased their price target on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on Voya Financial from $84.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Voya Financial presently has a consensus rating of "Hold" and an average price target of $80.92.

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.