FJ Capital Management LLC Decreases Stock Position in Voya Financial, Inc. $VOYA

FJ Capital Management LLC lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 18.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,315 shares of the asset manager’s stock after selling 8,192 shares during the period. FJ Capital Management LLC’s holdings in Voya Financial were worth $2,631,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Voya Financial during the fourth quarter valued at approximately $83,106,000. Millennium Management LLC boosted its holdings in Voya Financial by 135.7% in the 3rd quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock worth $81,139,000 after buying an additional 624,436 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Voya Financial by 63.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock valued at $107,101,000 after acquiring an additional 553,675 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Voya Financial by 11.6% during the third quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock worth $318,800,000 after purchasing an additional 444,059 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Voya Financial during the 4th quarter valued at approximately $29,796,000. 96.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This trade represents a 58.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Voya Financial Stock Performance

Shares of VOYA stock opened at $91.39 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.29 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.83 and a beta of 0.92. The business has a 50-day simple moving average of $79.36 and a 200-day simple moving average of $74.97. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $92.00.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.24. The firm had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 EPS. On average, equities analysts expect that Voya Financial, Inc. will post 9.6 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be issued a $0.47 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. Voya Financial’s dividend payout ratio is presently 28.40%.

Analyst Ratings Changes

A number of analysts have issued reports on VOYA shares. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Barclays boosted their target price on Voya Financial from $89.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Wells Fargo & Company increased their price target on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. reduced their price objective on Voya Financial from $89.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.73.

Voya Financial Profile

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.