Keybank National Association OH lowered its position in Voya Financial Inc (NYSE:VOYA) by 48.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,031 shares of the asset manager’s stock after selling 35,701 shares during the period. Keybank National Association OH’s holdings in Voya Financial were worth $2,103,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hexavest Inc. bought a new position in shares of Voya Financial in the second quarter valued at approximately $30,000. FNY Investment Advisers LLC bought a new position in shares of Voya Financial in the first quarter valued at approximately $74,000. ETF Managers Group LLC bought a new position in shares of Voya Financial in the first quarter valued at approximately $142,000. Cerebellum GP LLC bought a new position in shares of Voya Financial in the first quarter valued at approximately $176,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Voya Financial in the first quarter valued at approximately $182,000.

A number of research analysts have recently issued reports on the stock. Morgan Stanley set a $64.00 target price on shares of Voya Financial and gave the company a “buy” rating in a research note on Wednesday, August 7th. Royal Bank of Canada set a $60.00 target price on shares of Voya Financial and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine cut shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $59.20.

In other Voya Financial news, insider Patricia J. Walsh sold 1,870 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total transaction of $100,400.30. Following the completion of the sale, the insider now owns 27,488 shares in the company, valued at approximately $1,475,830.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Byron H. Pollitt, Jr. bought 1,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $49.30 per share, with a total value of $49,300.00. The disclosure for this purchase can be found here. Insiders purchased a total of 2,500 shares of company stock valued at $125,555 in the last 90 days. 1.69% of the stock is currently owned by corporate insiders.

VOYA stock opened at $49.22 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.17 and a quick ratio of 0.17. The company has a 50 day moving average price of $54.69 and a 200 day moving average price of $52.57. Voya Financial Inc has a fifty-two week low of $36.66 and a fifty-two week high of $57.57. The stock has a market capitalization of $6.79 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.43 and a beta of 1.46.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 6th. The asset manager reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.05. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. The firm had revenue of $278.00 million during the quarter, compared to analysts’ expectations of $314.19 million. During the same quarter in the previous year, the company posted $1.13 EPS. As a group, equities analysts expect that Voya Financial Inc will post 5.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, August 28th. This is a boost from Voya Financial’s previous quarterly dividend of $0.01. Voya Financial’s payout ratio is 0.99%.

Voya Financial Company Profile

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

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

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