JPMorgan Chase & Co. Sells 56,175 Shares of Voya Financial, Inc. $VOYA

JPMorgan Chase & Co. reduced its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 19.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,864 shares of the asset manager’s stock after selling 56,175 shares during the period. JPMorgan Chase & Co. owned approximately 0.24% of Voya Financial worth $16,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VOYA. Price T Rowe Associates Inc. MD grew its position in Voya Financial by 23.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock valued at $384,849,000 after acquiring an additional 1,095,190 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Voya Financial by 7.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,539,009 shares of the asset manager’s stock valued at $393,270,000 after purchasing an additional 407,426 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Voya Financial by 5.4% during the 1st quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager’s stock valued at $373,505,000 after purchasing an additional 280,316 shares during the last quarter. Pzena Investment Management LLC boosted its position in Voya Financial by 1.7% in the second quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager’s stock valued at $259,949,000 after buying an additional 62,093 shares in the last quarter. Finally, Boston Partners grew its position in Voya Financial by 70.4% during the 2nd quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock worth $239,175,000 after acquiring an additional 1,394,321 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VOYA shares. Evercore ISI boosted their target price on shares of Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Wells Fargo & Company reduced their price objective on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada lowered their target price on Voya Financial from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Barclays lifted their target price on Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price target on Voya Financial from $86.00 to $84.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Voya Financial has a consensus rating of “Hold” and a consensus price target of $84.30.

Voya Financial Stock Performance

Shares of VOYA opened at $70.84 on Friday. The firm’s fifty day simple moving average is $72.40 and its two-hundred day simple moving average is $71.95. Voya Financial, Inc. has a 12 month low of $52.43 and a 12 month high of $82.16. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $6.74 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 0.50 and a beta of 0.91.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. Voya Financial had a return on equity of 13.89% and a net margin of 7.55%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 EPS. As a group, analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Wednesday, November 26th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.7%. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. Voya Financial’s dividend payout ratio (DPR) is presently 32.30%.

Voya Financial 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.