California State Teachers Retirement System Cuts Stake in Voya Financial Inc (NYSE:VOYA)
California State Teachers Retirement System lessened its holdings in shares of Voya Financial Inc (NYSE:VOYA) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 245,544 shares of the asset manager’s stock after selling 4,590 shares during the quarter. California State Teachers Retirement System’s holdings in Voya Financial were worth $13,367,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Quest Capital Management Inc. ADV purchased a new stake in Voya Financial in the 3rd quarter worth $27,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Voya Financial by 2,380.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 496 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 476 shares in the last quarter. Doyle Wealth Management purchased a new position in shares of Voya Financial during the second quarter valued at about $42,000. US Bancorp DE grew its position in shares of Voya Financial by 18.5% during the second quarter. US Bancorp DE now owns 1,438 shares of the asset manager’s stock valued at $79,000 after purchasing an additional 224 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Voya Financial by 22.6% in the second quarter. Schroder Investment Management Group now owns 3,800 shares of the asset manager’s stock worth $210,000 after purchasing an additional 700 shares during the last quarter.
Shares of NYSE:VOYA opened at $56.76 on Wednesday. The firm has a fifty day simple moving average of $56.09 and a two-hundred day simple moving average of $54.07. Voya Financial Inc has a 52 week low of $36.66 and a 52 week high of $59.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $7.86 billion, a P/E ratio of 14.05, a PEG ratio of 0.53 and a beta of 1.51.
The business also recently declared a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date is Wednesday, November 27th. Voya Financial’s dividend payout ratio is currently 14.85%.
A number of research firms recently commented on VOYA. ValuEngine upgraded Voya Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks raised their price target on Voya Financial to $58.00 and gave the company a “hold” rating in a report on Friday, November 8th. Royal Bank of Canada raised their price target on Voya Financial to $65.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. TheStreet raised Voya Financial from a “c+” rating to a “b” rating in a research note on Friday, November 29th. Finally, UBS Group upped their price objective on Voya Financial from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.88.
In other Voya Financial news, CEO Rodney O. Martin, Jr. sold 129,684 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $57.86, for a total transaction of $7,503,516.24. Following the sale, the chief executive officer now directly owns 159,373 shares of the company’s stock, valued at $9,221,321.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.69% of the company’s stock.
Voya Financial 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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