Amalgamated Bank Cuts Stake in Voya Financial, Inc. (NYSE:VOYA)

Amalgamated Bank cut its stake in Voya Financial, Inc. (NYSE:VOYAGet Rating) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,425 shares of the asset manager’s stock after selling 4,457 shares during the quarter. Amalgamated Bank owned about 0.07% of Voya Financial worth $5,004,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of Voya Financial by 147.7% during the first quarter. Bank of America Corp DE now owns 975,603 shares of the asset manager’s stock worth $64,731,000 after acquiring an additional 3,021,715 shares during the last quarter. EJF Capital LLC purchased a new stake in shares of Voya Financial during the first quarter worth about $1,659,000. BNP Paribas Arbitrage SA increased its position in shares of Voya Financial by 10.0% during the first quarter. BNP Paribas Arbitrage SA now owns 144,335 shares of the asset manager’s stock worth $9,577,000 after acquiring an additional 13,125 shares during the last quarter. Mirabella Financial Services LLP increased its position in shares of Voya Financial by 160.8% during the first quarter. Mirabella Financial Services LLP now owns 15,128 shares of the asset manager’s stock worth $1,021,000 after acquiring an additional 9,327 shares during the last quarter. Finally, Prana Capital Management LP increased its position in shares of Voya Financial by 2,641.8% during the first quarter. Prana Capital Management LP now owns 175,116 shares of the asset manager’s stock worth $11,619,000 after acquiring an additional 168,729 shares during the last quarter.

Voya Financial Stock Up 1.5 %

NYSE:VOYA opened at $63.77 on Tuesday. The firm has a market capitalization of $6.52 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The stock has a 50 day moving average of $61.37 and a 200-day moving average of $63.17. Voya Financial, Inc. has a 52 week low of $56.20 and a 52 week high of $74.97. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.58.

Voya Financial (NYSE:VOYAGet Rating) last posted its earnings results on Tuesday, August 2nd. The asset manager reported $1.67 EPS for the quarter, beating the consensus estimate of $1.39 by $0.28. The company had revenue of $273.00 million during the quarter, compared to analyst estimates of $246.50 million. Voya Financial had a return on equity of 8.92% and a net margin of 9.80%. Analysts predict that Voya Financial, Inc. will post 6.13 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, August 26th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, August 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. Voya Financial’s dividend payout ratio is presently 15.04%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Credit Suisse Group lifted their target price on Voya Financial from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. TheStreet raised Voya Financial from a “c” rating to a “b-” rating in a report on Thursday, August 25th. Wells Fargo & Company boosted their price objective on Voya Financial from $72.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Citigroup began coverage on Voya Financial in a report on Monday, May 23rd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Voya Financial from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, August 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.18.

About Voya Financial

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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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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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