NGAM Advisors L.P. Sells 6,877 Shares of Voya Financial, Inc. (NYSE:VOYA)

NGAM Advisors L.P. decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,441 shares of the asset manager’s stock after selling 6,877 shares during the period. NGAM Advisors L.P. owned approximately 0.05% of Voya Financial worth $3,668,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Voya Financial by 3,875.4% in the first quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock worth $404,319,000 after buying an additional 10,383,288 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Voya Financial by 549.1% in the first quarter. JPMorgan Chase & Co. now owns 4,418,219 shares of the asset manager’s stock worth $167,716,000 after buying an additional 3,737,596 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Voya Financial by 88.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock worth $95,841,000 after buying an additional 1,187,263 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Voya Financial by 87.9% in the first quarter. Bank of America Corp DE now owns 2,042,884 shares of the asset manager’s stock worth $77,548,000 after buying an additional 955,465 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Voya Financial by 242.0% in the first quarter. Morgan Stanley now owns 1,166,943 shares of the asset manager’s stock worth $44,296,000 after buying an additional 825,737 shares in the last quarter.

Shares of Voya Financial, Inc. (NYSE:VOYA) traded down 0.72% on Friday, reaching $37.33. The company had a trading volume of 1,384,566 shares. The company’s market capitalization is $6.71 billion. The company’s 50-day moving average is $38.37 and its 200-day moving average is $38.11. Voya Financial, Inc. has a one year low of $27.73 and a one year high of $42.96.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.18. The business had revenue of $272.90 million during the quarter, compared to the consensus estimate of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same period in the prior year, the firm earned $0.79 earnings per share. Equities research analysts predict that Voya Financial, Inc. will post $3.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, August 29th. Voya Financial’s dividend payout ratio is presently -1.04%.

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A number of equities research analysts have weighed in on the company. BidaskClub raised Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 target price (up previously from $44.00) on shares of Voya Financial in a report on Wednesday, August 9th. ValuEngine cut Voya Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $46.11.

In other news, Chairman Rodney O. Martin, Jr. acquired 8,475 shares of the stock in a transaction dated Friday, June 2nd. The stock was purchased at an average cost of $35.29 per share, with a total value of $299,082.75. Following the completion of the purchase, the chairman now owns 114,221 shares in the company, valued at approximately $4,030,859.09. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the transaction, the insider now directly owns 5,379 shares of the company’s stock, valued at $216,666.12. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

About Voya Financial

Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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