Geode Capital Management LLC Lowers Position in Voya Financial, Inc. (NYSE:VOYA)

Geode Capital Management LLC decreased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,661,824 shares of the asset manager’s stock after selling 7,667 shares during the quarter. Geode Capital Management LLC owned 1.73% of Voya Financial worth $131,684,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Voya Financial in the 2nd quarter worth approximately $196,000. Wealth Enhancement Advisory Services LLC grew its position in Voya Financial by 15.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,496 shares of the asset manager’s stock worth $818,000 after acquiring an additional 1,533 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Voya Financial by 68.6% in the second quarter. Fifth Third Wealth Advisors LLC now owns 6,518 shares of the asset manager’s stock valued at $464,000 after acquiring an additional 2,653 shares during the last quarter. Easterly Investment Partners LLC raised its position in Voya Financial by 49.4% during the second quarter. Easterly Investment Partners LLC now owns 98,619 shares of the asset manager’s stock valued at $7,017,000 after purchasing an additional 32,622 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in Voya Financial by 10.6% during the second quarter. Catalyst Financial Partners LLC now owns 3,729 shares of the asset manager’s stock worth $265,000 after purchasing an additional 358 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Insider Transactions at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.37% of the company’s stock.

Voya Financial Stock Down 1.0 %

Shares of NYSE VOYA opened at $69.10 on Tuesday. The firm has a fifty day simple moving average of $80.21 and a two-hundred day simple moving average of $75.02. Voya Financial, Inc. has a 12 month low of $63.11 and a 12 month high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $6.65 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.02.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $2.07 earnings per share. Equities analysts expect that Voya Financial, Inc. will post 8.09 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VOYA shares. Wells Fargo & Company decreased their price objective on Voya Financial from $92.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Evercore ISI cut their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Royal Bank of Canada reduced their target price on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, Barclays lowered their price target on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and a consensus price target of $85.67.

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.