Mutual of America Capital Management LLC Lowers Position in Voya Financial, Inc. (NYSE:VOYA)

Mutual of America Capital Management LLC cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,827 shares of the asset manager’s stock after selling 2,312 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Voya Financial worth $3,498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in Voya Financial by 10.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,646 shares of the asset manager’s stock valued at $1,002,000 after acquiring an additional 1,150 shares during the period. State of Alaska Department of Revenue raised its holdings in Voya Financial by 2.2% during the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after acquiring an additional 245 shares during the period. US Bancorp DE raised its holdings in Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after acquiring an additional 202 shares during the period. Janney Montgomery Scott LLC raised its holdings in Voya Financial by 4.5% during the third quarter. Janney Montgomery Scott LLC now owns 53,131 shares of the asset manager’s stock valued at $4,209,000 after acquiring an additional 2,281 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Voya Financial by 87.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 52,497 shares of the asset manager’s stock valued at $4,159,000 after acquiring an additional 24,510 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Trading Up 0.8 %

VOYA opened at $70.10 on Thursday. The firm has a market cap of $6.70 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $70.56 and a 200 day moving average of $74.62.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. As a group, research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.57%. Voya Financial’s payout ratio is 29.41%.

Analyst Ratings Changes

A number of research firms have commented on VOYA. Barclays cut Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada reduced their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Bank of America reaffirmed a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods reduced their target price on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.