Comerica Bank Has $2.57 Million Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Comerica Bank cut its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,380 shares of the asset manager's stock after selling 3,951 shares during the period. Comerica Bank's holdings in Voya Financial were worth $2,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in VOYA. Barclays PLC lifted its position 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 in the last quarter. Miracle Mile Advisors LLC bought a new stake in Voya Financial during the 4th quarter worth about $1,379,000. Oak Thistle LLC acquired a new position in shares of Voya Financial during the 4th quarter worth about $301,000. Park Avenue Securities LLC grew its holdings in shares of Voya Financial by 19.9% in the 4th quarter. Park Avenue Securities LLC now owns 9,610 shares of the asset manager's stock valued at $661,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of Voya Financial in the 4th quarter valued at about $47,155,000. Institutional investors own 96.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VOYA shares. Wells Fargo & Company raised their price target on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday. Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $76.00 to $87.00 in a research note on Friday, February 28th. Keefe, Bruyette & Woods decreased their price objective on shares of Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $81.83.

Voya Financial Stock Performance

VOYA stock traded up $0.07 during trading hours on Friday, hitting $66.97. 672,431 shares of the stock were exchanged, compared to its average volume of 870,811. The company has a 50-day simple moving average of $62.85 and a two-hundred day simple moving average of $70.12. The firm has a market capitalization of $6.44 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.48 and a beta of 0.95. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month 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.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $1.77 EPS. The business's revenue was down 4.0% on a year-over-year basis. On average, analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors 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 is currently 29.41%.

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.