18,066 Voya Financial, Inc. $VOYA Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its stake in Voya Financial, Inc. (NYSE:VOYA) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 265,472 shares of the asset manager’s stock after selling 18,066 shares during the period. Voya Financial makes up approximately 1.3% of Leeward Investments LLC MA’s portfolio, making the stock its 12th biggest position. Leeward Investments LLC MA’s holdings in Voya Financial were worth $25,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of VOYA. BlackRock Inc. purchased a new position in Voya Financial during the second quarter worth about $850,187,000. Bank of New York Mellon Corp acquired a new stake in shares of Voya Financial during the second quarter valued at about $520,280,000. Pzena Investment Management LLC purchased a new stake in shares of Voya Financial in the 2nd quarter valued at approximately $319,539,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Voya Financial in the 2nd quarter valued at approximately $38,757,000. Finally, First Trust Advisors LP raised its stake in shares of Voya Financial by 280.8% in the 1st quarter. First Trust Advisors LP now owns 526,864 shares of the asset manager’s stock valued at $35,995,000 after acquiring an additional 388,520 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $95.79 on Monday. The business has a 50-day moving average of $98.79 and a 200 day moving average of $91.88. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $105.64. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. As a group, sell-side analysts forecast that Voya Financial, Inc. will post 9.17 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.0%. Voya Financial’s dividend payout ratio (DPR) is presently 31.70%.

Analysts Set New Price Targets

Several brokerages have recently commented on VOYA. TD Cowen upped their price objective on shares of Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Jefferies Financial Group lifted their target price on shares of Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a report on Friday, July 10th. Atlantic Securities set a $79.00 target price on shares of Voya Financial in a report on Wednesday, July 15th. Evercore reissued an “outperform” rating and issued a $111.00 target price on shares of Voya Financial in a research report on Friday, August 7th. Finally, Morgan Stanley upped their price target on Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $103.69.

Voya Financial Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.