Voya Financial, Inc. $VOYA Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,223 shares of the asset manager’s stock after selling 29,221 shares during the period. Voya Financial accounts for approximately 1.2% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 27th biggest holding. Aristotle Capital Boston LLC’s holdings in Voya Financial were worth $21,097,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VOYA. Royal Bank of Canada increased its position in shares of Voya Financial by 21.7% in the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after acquiring an additional 15,091 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Voya Financial by 8.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after acquiring an additional 51,376 shares during the period. Empowered Funds LLC increased its position in shares of Voya Financial by 13.5% in the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after acquiring an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Voya Financial by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after acquiring an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Price Performance

Shares of VOYA opened at $90.48 on Thursday. The business’s 50-day moving average is $80.76 and its two-hundred day moving average is $75.43. The company has a market capitalization of $8.20 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $92.83.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.24. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $2.00 EPS. Research analysts predict that Voya Financial, Inc. will post 9.6 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.40%.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider directly owned 2,887 shares of the company’s stock, valued at approximately $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. cut their target price on Voya Financial from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Morgan Stanley upped their target price on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. 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. Finally, Royal Bank Of Canada increased their price target on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Voya Financial presently has an average rating of “Moderate Buy” and a consensus price target of $91.73.

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.