Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,722 shares of the asset manager's stock after selling 105,203 shares during the period. Bank of America Corp DE owned about 0.51% of Voya Financial worth $33,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Wealthspire Advisors LLC lifted its holdings in Voya Financial by 5.3% during the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager's stock valued at $204,000 after purchasing an additional 148 shares in the last quarter. Brooklyn Investment Group increased its stake in shares of Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after purchasing an additional 169 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Voya Financial by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager's stock worth $228,000 after purchasing an additional 177 shares during the last quarter. Jones Financial Companies Lllp raised its position 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 last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Voya Financial by 13.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager's stock valued at $105,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on VOYA shares. Morgan Stanley boosted their price objective on Voya Financial from $70.00 to $86.00 and gave the stock an "overweight" rating in a research note on Monday. Keefe, Bruyette & Woods increased their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. UBS Group decreased their price objective on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Royal Bank of Canada lowered their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $82.00.

Voya Financial Trading Down 0.3%

Shares of NYSE VOYA traded down $0.19 during trading on Thursday, hitting $66.79. 94,151 shares of the company were exchanged, compared to its average volume of 874,254. The company has a fifty day moving average price of $63.02 and a 200-day moving average price of $69.64. 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 firm has a market capitalization of $6.43 billion, a PE ratio of 10.93, 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.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) 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 firm had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $1.77 earnings per share. Voya Financial's revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders 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 annualized dividend and a dividend yield of 2.70%. Voya Financial's dividend payout ratio (DPR) is 33.96%.

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.