Nuveen Asset Management LLC Sells 73,375 Shares of Voya Financial, Inc. (NYSE:VOYA)

Nuveen Asset Management LLC decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 392,292 shares of the asset manager’s stock after selling 73,375 shares during the quarter. Nuveen Asset Management LLC’s holdings in Voya Financial were worth $27,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Voya Financial by 15.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock worth $445,487,000 after acquiring an additional 876,399 shares during the last quarter. FMR LLC increased its stake in Voya Financial by 10.5% in the 4th quarter. FMR LLC now owns 3,185,726 shares of the asset manager’s stock worth $219,274,000 after acquiring an additional 301,682 shares during the last quarter. Impax Asset Management Group plc increased its stake in Voya Financial by 277.8% in the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock worth $199,062,000 after acquiring an additional 2,131,578 shares during the last quarter. Geode Capital Management LLC increased its stake in Voya Financial by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager’s stock worth $116,058,000 after acquiring an additional 23,818 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Voya Financial by 52.9% in the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager’s stock worth $98,950,000 after acquiring an additional 497,348 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VOYA. Barclays set a $70.00 price objective on Voya Financial in a research note on Wednesday, May 7th. UBS Group cut their target price on Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company boosted their target price on Voya Financial from $69.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, May 8th. Bank of America reissued an “underperform” rating and set a $71.00 target price (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. cut their target price on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.00.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $66.60 on Friday. The stock’s fifty day moving average is $63.00 and its two-hundred day moving average is $69.55. The company has a market capitalization of $6.41 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating the consensus estimate of $1.59 by $0.56. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Voya Financial’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.77 EPS. As a group, analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial’s dividend payout ratio (DPR) is presently 33.96%.

Voya Financial 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.