Oregon Public Employees Retirement Fund trimmed its stake in shares of Voya Financial Inc (NYSE:VOYA) by 38.4% in the fourth quarter, Holdings Channel reports. The fund owned 39,225 shares of the asset manager’s stock after selling 24,410 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Voya Financial were worth $1,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its holdings in Voya Financial by 25.8% in the third quarter. TIAA CREF Investment Management LLC now owns 3,715,088 shares of the asset manager’s stock worth $184,528,000 after purchasing an additional 762,178 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Voya Financial by 50.3% in the third quarter. Clearbridge Investments LLC now owns 1,862,112 shares of the asset manager’s stock worth $92,491,000 after purchasing an additional 622,863 shares in the last quarter. Marshall Wace LLP bought a new stake in Voya Financial in the third quarter worth approximately $26,530,000. Dimensional Fund Advisors LP increased its holdings in Voya Financial by 23.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,680,858 shares of the asset manager’s stock worth $83,485,000 after purchasing an additional 318,661 shares in the last quarter. Finally, Artemis Investment Management LLP increased its holdings in Voya Financial by 50.6% in the third quarter. Artemis Investment Management LLP now owns 944,419 shares of the asset manager’s stock worth $46,914,000 after purchasing an additional 317,279 shares in the last quarter.

A number of brokerages have weighed in on VOYA. Credit Suisse Group set a $59.00 target price on Voya Financial and gave the stock a “buy” rating in a report on Friday, January 25th. ValuEngine raised Voya Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Goldman Sachs Group raised Voya Financial from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $60.00 to $54.00 in a research note on Tuesday, January 8th. JPMorgan Chase & Co. reduced their price objective on Voya Financial from $53.00 to $52.00 and set an “underweight” rating for the company in a research note on Wednesday, January 2nd. Finally, Morgan Stanley reduced their price objective on Voya Financial from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $58.09.

Voya Financial stock traded up $0.16 during mid-day trading on Monday, reaching $47.81. The stock had a trading volume of 2,316 shares, compared to its average volume of 1,467,641. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.17 and a current ratio of 0.16. Voya Financial Inc has a fifty-two week low of $36.66 and a fifty-two week high of $55.27. The stock has a market capitalization of $7.41 billion, a PE ratio of 11.87 and a beta of 1.44.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 5th. The asset manager reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.10. Voya Financial had a return on equity of 8.04% and a net margin of 10.28%. During the same period in the previous year, the firm earned $0.87 earnings per share. Research analysts forecast that Voya Financial Inc will post 5.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Thursday, February 28th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, February 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.08%. Voya Financial’s payout ratio is 0.99%.

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Voya Financial Profile

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

Further Reading: Mutual Funds

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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