New York State Teachers Retirement System Sells 647 Shares of Voya Financial, Inc. (NYSE:VOYA)

New York State Teachers Retirement System cut its holdings in Voya Financial, Inc. (NYSE:VOYA) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,650 shares of the asset manager’s stock after selling 647 shares during the period. New York State Teachers Retirement System’s holdings in Voya Financial were worth $2,385,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VOYA. Brooklyn Investment Group raised its stake in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after purchasing an additional 169 shares in the last quarter. US Bancorp DE grew its position in Voya Financial by 5.8% in 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 last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Voya Financial by 6.8% in the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after acquiring an additional 210 shares during the last quarter. State of Alaska Department of Revenue increased its position in Voya Financial by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock worth $905,000 after purchasing an additional 245 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Voya Financial by 8.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager’s stock valued at $285,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE VOYA opened at $71.97 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The company has a 50-day simple moving average of $70.10 and a 200 day simple moving average of $74.32. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30. The company has a market capitalization of $6.92 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last posted 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%. On average, research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 29.41%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Evercore ISI decreased their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada lowered their price objective 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. Finally, Piper Sandler dropped their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average price target of $82.55.

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.