Bowling Portfolio Management LLC Sells 198 Shares of Voya Financial, Inc. (NYSE:VOYA)

Bowling Portfolio Management LLC lessened its stake in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,250 shares of the asset manager’s stock after selling 198 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Voya Financial were worth $1,410,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VOYA. NuWave Investment Management LLC bought a new stake in shares of Voya Financial in the 4th quarter worth approximately $30,000. Eaton Vance Management grew its stake in Voya Financial by 45.9% in the 3rd quarter. Eaton Vance Management now owns 636 shares of the asset manager’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. CWM LLC purchased a new position in Voya Financial in the 4th quarter valued at approximately $33,000. Dark Forest Capital Management LP purchased a new position in Voya Financial in the 3rd quarter valued at approximately $37,000. Finally, Covestor Ltd purchased a new position in Voya Financial in the 4th quarter valued at approximately $52,000.

Shares of NYSE VOYA opened at $58.67 on Thursday. Voya Financial, Inc. has a 1 year low of $56.96 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50-day moving average is $64.53 and its 200 day moving average is $66.35. The stock has a market capitalization of $5.99 billion, a P/E ratio of 7.09 and a beta of 1.30.

Voya Financial (NYSE:VOYA – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The asset manager reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. Voya Financial had a net margin of 13.67% and a return on equity of 9.16%. The company had revenue of $266.00 million for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. Research analysts anticipate that Voya Financial, Inc. will post 6.15 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Thursday, June 2nd were issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Wednesday, June 1st. Voya Financial’s dividend payout ratio (DPR) is presently 5.80%.

A number of research analysts recently weighed in on VOYA shares. Piper Sandler reduced their price objective on shares of Voya Financial from $74.00 to $72.00 in a research note on Wednesday, April 6th. StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Monday, June 6th. TheStreet lowered shares of Voya Financial from a “b” rating to a “c” rating in a research report on Friday, June 10th. Citigroup began coverage on shares of Voya Financial in a research report on Monday, May 23rd. They set a “buy” rating and a $82.00 price target for the company. Finally, The Goldman Sachs Group upgraded shares of Voya Financial from a “neutral” rating to a “buy” rating and reduced their price target for the company from $81.00 to $80.00 in a research report on Friday, June 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $79.22.

Voya Financial Profile (Get Rating)

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company's Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.

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