BlackRock Inc. reduced its stake in shares of Voya Financial Inc (NYSE:VOYA) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,888,225 shares of the asset manager’s stock after selling 172,149 shares during the quarter. BlackRock Inc. owned about 6.01% of Voya Financial worth $444,057,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Doyle Wealth Management purchased a new stake in Voya Financial during the fourth quarter worth $35,000. Lindbrook Capital LLC acquired a new position in shares of Voya Financial in the 4th quarter valued at $37,000. Capital Financial Planning LLC acquired a new stake in Voya Financial during the 4th quarter worth about $50,000. First Mercantile Trust Co. grew its position in Voya Financial by 95.5% during the 4th quarter. First Mercantile Trust Co. now owns 1,310 shares of the asset manager’s stock worth $52,000 after purchasing an additional 640 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Voya Financial during the 1st quarter worth about $74,000.
Shares of Voya Financial stock traded up $0.48 during trading on Monday, hitting $55.78. 1,132,400 shares of the stock were exchanged, compared to its average volume of 1,416,322. Voya Financial Inc has a 12-month low of $36.66 and a 12-month high of $57.00. The company has a market cap of $7.97 billion, a PE ratio of 13.86 and a beta of 1.45. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.52. The business’s 50-day simple moving average is $53.53.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, May 31st were given a dividend of $0.01 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.07%. Voya Financial’s payout ratio is currently 0.99%.
VOYA has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on shares of Voya Financial to $60.00 and gave the stock a “positive” rating in a research note on Thursday, May 9th. TheStreet raised shares of Voya Financial from a “c+” rating to a “b-” rating in a research note on Friday, April 5th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $66.00 target price (up from $59.00) on shares of Voya Financial in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $57.00.
In other Voya Financial news, Director Byron H. Pollitt, Jr. purchased 1,000 shares of Voya Financial stock in a transaction on Friday, May 31st. The shares were bought at an average price of $51.26 per share, with a total value of $51,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Patricia J. Walsh sold 1,870 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total transaction of $100,400.30. Following the completion of the sale, the insider now directly owns 27,488 shares in the company, valued at approximately $1,475,830.72. The disclosure for this sale can be found here. Corporate insiders own 1.69% of the company’s stock.
Voya Financial Company Profile
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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