Dorsey & Whitney Trust CO LLC Sells 317 Shares of Voya Financial, Inc. (NYSE:VOYA)

Dorsey & Whitney Trust CO LLC reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,329 shares of the asset manager’s stock after selling 317 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Voya Financial were worth $229,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Voya Financial by 420.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock valued at $4,812,000 after purchasing an additional 52,032 shares during the last quarter. KBC Group NV boosted its stake in shares of Voya Financial by 260.5% in the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock valued at $646,000 after purchasing an additional 6,781 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Voya Financial in the 4th quarter valued at $47,155,000. Barclays PLC boosted its stake in shares of Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock valued at $3,872,000 after purchasing an additional 15,902 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Voya Financial in the 4th quarter valued at $1,379,000. 96.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VOYA shares. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Barclays lowered shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Bank of America reissued a “neutral” rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Wells Fargo & Company increased their target price on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada cut their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average price target of $83.55.

Voya Financial Stock Performance

VOYA opened at $67.52 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average price is $70.64 and its two-hundred day moving average price is $74.68. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing the consensus estimate 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, analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.67%. Voya Financial’s dividend payout ratio is currently 29.41%.

About Voya Financial

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.