California Public Employees Retirement System lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 776,260 shares of the asset manager’s stock after selling 19,440 shares during the period. California Public Employees Retirement System owned approximately 0.43% of Voya Financial worth $30,965,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in VOYA. Toronto Dominion Bank boosted its stake in shares of Voya Financial by 7.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after buying an additional 199 shares during the last quarter. Reliance Trust Co. of Delaware purchased a new position in shares of Voya Financial in the 3rd quarter worth approximately $215,000. TLP Group LLC purchased a new position in shares of Voya Financial in the 2nd quarter worth approximately $262,000. Stephens Inc. AR purchased a new position in shares of Voya Financial in the 3rd quarter worth approximately $273,000. Finally, Private Advisor Group LLC purchased a new position in shares of Voya Financial in the 3rd quarter worth approximately $274,000. Institutional investors and hedge funds own 96.91% of the company’s stock.
Voya Financial, Inc. (NYSE VOYA) opened at $45.57 on Monday. Voya Financial, Inc. has a 12 month low of $33.53 and a 12 month high of $47.04. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $8,191.07, a P/E ratio of 15.71, a P/E/G ratio of 0.83 and a beta of 1.65.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.09%. Voya Financial’s payout ratio is -2.23%.
A number of equities analysts have recently weighed in on VOYA shares. Royal Bank of Canada restated a “buy” rating and issued a $46.00 target price on shares of Voya Financial in a research note on Wednesday, September 6th. BidaskClub upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Goldman Sachs Group started coverage on Voya Financial in a research note on Wednesday, October 18th. They issued a “buy” rating and a $46.00 target price on the stock. Wells Fargo & Company set a $50.00 target price on Voya Financial and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $51.00 target price on shares of Voya Financial in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.70.
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Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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