UBS Group AG Sells 51,566 Shares of Voya Financial, Inc. $VOYA

UBS Group AG lowered its stake in Voya Financial, Inc. (NYSE:VOYA) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 299,382 shares of the asset manager’s stock after selling 51,566 shares during the quarter. UBS Group AG’s holdings in Voya Financial were worth $22,301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Voya Financial by 1.5% in the third quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock worth $1,098,000 after acquiring an additional 215 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Voya Financial by 7.8% during the fourth quarter. GAMMA Investing LLC now owns 2,976 shares of the asset manager’s stock worth $222,000 after purchasing an additional 216 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the period. Finally, LRI Investments LLC lifted its holdings in shares of Voya Financial by 21.0% during the 3rd quarter. LRI Investments LLC now owns 1,308 shares of the asset manager’s stock valued at $98,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VOYA shares. Royal Bank Of Canada boosted their price objective on Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. UBS Group upped their price target on shares of Voya Financial from $87.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. TD Cowen began coverage on shares of Voya Financial in a report on Monday, April 20th. They set a “buy” rating and a $100.00 price objective on the stock. Bank of America cut their price objective on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company reduced their target price on shares of Voya Financial from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Voya Financial Trading Down 1.9%

NYSE VOYA opened at $80.03 on Tuesday. The company has a market cap of $7.39 billion, a PE ratio of 12.09, a PEG ratio of 0.74 and a beta of 0.94. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $84.00. The stock has a 50 day moving average of $71.68 and a 200-day moving average of $73.00.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Voya Financial, Inc. will post 9.63 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.3%. Voya Financial’s payout ratio is currently 28.40%.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.