Voya Financial, Inc. (NYSE:VOYA) Shares Sold by M&G Investment Management Ltd.

M&G Investment Management Ltd. trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,527 shares of the asset manager’s stock after selling 2,391 shares during the period. M&G Investment Management Ltd.’s holdings in Voya Financial were worth $4,770,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First American Bank boosted its stake in Voya Financial by 9.9% during the 1st quarter. First American Bank now owns 43,671 shares of the asset manager’s stock valued at $2,779,000 after purchasing an additional 3,920 shares during the period. Park Avenue Securities LLC raised its position in shares of Voya Financial by 35.8% during the 1st quarter. Park Avenue Securities LLC now owns 5,963 shares of the asset manager’s stock worth $379,000 after buying an additional 1,571 shares in the last quarter. Strs Ohio raised its position in shares of Voya Financial by 7.6% during the 1st quarter. Strs Ohio now owns 29,056 shares of the asset manager’s stock worth $1,849,000 after buying an additional 2,052 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of Voya Financial by 173.0% during the 4th quarter. Voloridge Investment Management LLC now owns 46,501 shares of the asset manager’s stock worth $2,735,000 after buying an additional 29,469 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Voya Financial by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,261 shares of the asset manager’s stock worth $41,242,000 after buying an additional 15,016 shares in the last quarter.

VOYA stock opened at $63.94 on Friday. Voya Financial, Inc. has a 52-week low of $44.81 and a 52-week high of $70.68. The company’s 50 day moving average price is $66.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 8.34 and a beta of 1.45.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, May 10th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.62. Voya Financial had a negative net margin of 1.87% and a positive return on equity of 6.02%. The business had revenue of $344.00 million for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. Equities research analysts predict that Voya Financial, Inc. will post 6.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 29th. Investors of record on Wednesday, May 26th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, May 25th. Voya Financial’s payout ratio is presently 13.72%.

A number of analysts have commented on VOYA shares. Morgan Stanley boosted their price target on shares of Voya Financial from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, March 12th. JPMorgan Chase & Co. boosted their price target on shares of Voya Financial from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, April 5th. Barclays boosted their price target on shares of Voya Financial from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 12th. Royal Bank of Canada boosted their target price on shares of Voya Financial from $66.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 7th. Finally, Citigroup boosted their target price on shares of Voya Financial from $70.00 to $73.00 in a report on Wednesday, March 31st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.77.

In other Voya Financial news, insider Heather H. Lavallee sold 2,889 shares of the business’s stock in a transaction that occurred on Monday, May 17th. The shares were sold at an average price of $68.56, for a total value of $198,069.84. Also, CEO Robert L. Grubka sold 6,251 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $64.11, for a total transaction of $400,751.61. Following the completion of the sale, the chief executive officer now directly owns 44,939 shares of the company’s stock, valued at $2,881,039.29. The disclosure for this sale can be found here. Insiders have sold 15,140 shares of company stock worth $989,181 over the last ninety days. 1.47% of the stock is currently owned by insiders.

About Voya Financial

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