Coldstream Capital Management Inc. Sells 279 Shares of Voya Financial, Inc. (NYSE:VOYA)

Coldstream Capital Management Inc. reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 7.8% during the fourth quarter, HoldingsChannel reports. The firm owned 3,312 shares of the asset manager’s stock after selling 279 shares during the period. Coldstream Capital Management Inc.’s holdings in Voya Financial were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. grew its stake in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd bought a new stake in Voya Financial in the fourth quarter worth approximately $41,000. Venturi Wealth Management LLC lifted its stake in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of Voya Financial by 17.0% during the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after buying an additional 169 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA opened at $61.10 on Friday. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $84.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The firm’s fifty day moving average price is $63.52 and its two-hundred day moving average price is $70.93. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 0.48 and a beta of 0.95.

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

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Tuesday, May 27th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

Several analysts have recently weighed in on VOYA shares. JPMorgan Chase & Co. lowered their price objective on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Bank of America reiterated an “underperform” rating and set a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Royal Bank of Canada decreased their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Finally, Barclays decreased their price objective on Voya Financial from $75.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.92.

About Voya Financial

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.