Pictet Asset Management SA Lowers Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Pictet Asset Management SA decreased its position in shares of Voya Financial, Inc. (NYSE:VOYAGet Rating) by 35.2% in the second quarter, HoldingsChannel reports. The fund owned 7,690 shares of the asset manager’s stock after selling 4,175 shares during the quarter. Pictet Asset Management SA’s holdings in Voya Financial were worth $458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VOYA. Bank of America Corp DE lifted its position in 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 valued at $64,731,000 after acquiring an additional 3,021,715 shares during the last quarter. Amplius Wealth Advisors LLC lifted its position in Voya Financial by 9,437,725.0% during the first quarter. Amplius Wealth Advisors LLC now owns 1,887,565 shares of the asset manager’s stock valued at $1,888,000 after acquiring an additional 1,887,545 shares during the last quarter. BlackRock Inc. lifted its position in Voya Financial by 11.4% during the first quarter. BlackRock Inc. now owns 13,513,603 shares of the asset manager’s stock valued at $896,627,000 after acquiring an additional 1,379,316 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Voya Financial by 70.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,567,707 shares of the asset manager’s stock valued at $104,017,000 after acquiring an additional 645,465 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Voya Financial by 7.5% during the first quarter. Wellington Management Group LLP now owns 7,488,929 shares of the asset manager’s stock valued at $496,890,000 after acquiring an additional 519,701 shares during the last quarter.

Voya Financial Stock Down 1.4 %

NYSE:VOYA opened at $64.53 on Thursday. The firm has a market capitalization of $6.27 billion, a P/E ratio of 10.77, a PEG ratio of 3.53 and a beta of 1.18. Voya Financial, Inc. has a 1-year low of $56.20 and a 1-year high of $74.97. The company’s fifty day moving average price is $64.38 and its 200-day moving average price is $62.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Monday, November 28th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 25th. This represents a $0.80 annualized dividend and a yield of 1.24%. Voya Financial’s dividend payout ratio is presently 13.36%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Voya Financial from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, November 2nd. Royal Bank of Canada cut their price target on shares of Voya Financial from $76.00 to $74.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. Evercore ISI upped their price target on shares of Voya Financial to $81.00 in a research note on Tuesday, August 9th. StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Finally, Citigroup cut their price target on shares of Voya Financial from $83.00 to $82.00 in a research note on Wednesday, November 16th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.42.

Insider Activity at Voya Financial

In related news, insider Nancy Ferrara sold 10,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $68.00, for a total transaction of $680,000.00. Following the sale, the insider now owns 9,878 shares in the company, valued at $671,704. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Michael S. Smith sold 8,342 shares of the firm’s stock in a transaction on Friday, October 21st. The shares were sold at an average price of $62.89, for a total transaction of $524,628.38. Following the sale, the insider now owns 196,752 shares in the company, valued at $12,373,733.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nancy Ferrara sold 10,000 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $68.00, for a total transaction of $680,000.00. Following the transaction, the insider now directly owns 9,878 shares in the company, valued at $671,704. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,814 shares of company stock worth $1,302,045. 1.44% of the stock is owned by company insiders.

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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