Teachers Retirement System of The State of Kentucky Has $2.03 Million Position in Voya Financial, Inc. (NYSE:VOYA)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,472 shares of the asset manager’s stock after selling 1,520 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Voya Financial were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VOYA. Jones Financial Companies Lllp increased its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd bought a new stake in shares of Voya Financial during the 4th quarter valued at about $41,000. Venturi Wealth Management LLC grew its holdings in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares during the period. Finally, Brooklyn Investment Group increased its position in Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after buying an additional 169 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $59.00 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. The company has a fifty day moving average of $64.78 and a 200-day moving average of $71.63. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Equities research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VOYA shares. Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Bank of America restated an “underperform” rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Wells Fargo & Company decreased their target price on Voya Financial from $79.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Finally, UBS Group lowered their price target on Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $80.92.

Voya Financial Company Profile

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.