Bank of New York Mellon Corp Increases Stock Holdings in Voya Financial, Inc. $VOYA

Bank of New York Mellon Corp boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 17.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,516,879 shares of the asset manager’s stock after purchasing an additional 977,870 shares during the period. Bank of New York Mellon Corp owned approximately 0.07% of Voya Financial worth $487,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Voya Financial by 21.7% in the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after purchasing an additional 15,091 shares during the period. Goldman Sachs Group Inc. boosted its stake in Voya Financial by 8.4% during the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after buying an additional 51,376 shares during the period. Empowered Funds LLC boosted its stake in Voya Financial by 13.5% during the first quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after buying an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Voya Financial by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock worth $25,081,000 after buying an additional 6,127 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

VOYA has been the subject of a number of research analyst reports. Wall Street Zen downgraded Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of Voya Financial in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Finally, Wells Fargo & Company raised their price objective on shares of Voya Financial from $80.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.33.

Voya Financial Stock Down 0.4%

Shares of NYSE VOYA opened at $75.82 on Thursday. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $79.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50 day simple moving average is $74.19 and its two-hundred day simple moving average is $73.77. The stock has a market capitalization of $7.22 billion, a P/E ratio of 13.03, a PEG ratio of 0.48 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, November 4th. The asset manager reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business posted $2.12 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.