New York State Common Retirement Fund Lowers Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

New York State Common Retirement Fund reduced its position in Voya Financial, Inc. (NYSE:VOYAFree Report) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 156,662 shares of the asset manager’s stock after selling 9,528 shares during the period. New York State Common Retirement Fund’s holdings in Voya Financial were worth $10,410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VOYA. Atlas Capital Advisors LLC grew its stake in shares of Voya Financial by 48.4% during the 4th quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock valued at $26,000 after buying an additional 136 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Voya Financial during the 3rd quarter valued at $33,000. Sunbelt Securities Inc. purchased a new stake in shares of Voya Financial during the 1st quarter valued at $35,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Voya Financial during the 1st quarter valued at $36,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Voya Financial during the 2nd quarter valued at $51,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

Shares of VOYA opened at $68.80 on Thursday. The company’s fifty day moving average is $72.40 and its 200-day moving average is $70.49. Voya Financial, Inc. has a 12 month low of $62.79 and a 12 month high of $78.11. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.69.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, February 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.33%. Voya Financial’s dividend payout ratio (DPR) is 29.47%.

Analyst Upgrades and Downgrades

VOYA has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Voya Financial in a report on Friday, November 17th. Morgan Stanley cut their price objective on shares of Voya Financial from $84.00 to $79.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their target price on shares of Voya Financial from $91.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $82.00 price objective on shares of Voya Financial in a research report on Monday, January 8th. Finally, StockNews.com upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.11.

Get Our Latest Stock Analysis on VOYA

About Voya Financial

(Free Report)

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its 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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