Shell Asset Management Co. Trims Position in Voya Financial Inc (VOYA)

Shell Asset Management Co. decreased its position in shares of Voya Financial Inc (NYSE:VOYA) by 22.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,160 shares of the asset manager’s stock after selling 3,568 shares during the period. Shell Asset Management Co.’s holdings in Voya Financial were worth $604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd raised its holdings in Voya Financial by 13.9% during the third quarter. IFM Investors Pty Ltd now owns 10,359 shares of the asset manager’s stock valued at $515,000 after buying an additional 1,263 shares in the last quarter. Tillar Wenstrup Advisors LLC raised its holdings in Voya Financial by 1.7% during the third quarter. Tillar Wenstrup Advisors LLC now owns 75,408 shares of the asset manager’s stock valued at $3,746,000 after buying an additional 1,291 shares in the last quarter. Gideon Capital Advisors Inc. raised its holdings in Voya Financial by 36.4% during the second quarter. Gideon Capital Advisors Inc. now owns 5,761 shares of the asset manager’s stock valued at $271,000 after buying an additional 1,537 shares in the last quarter. Yorktown Management & Research Co Inc raised its holdings in Voya Financial by 8.2% during the second quarter. Yorktown Management & Research Co Inc now owns 20,450 shares of the asset manager’s stock valued at $961,000 after buying an additional 1,550 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in Voya Financial by 0.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 245,057 shares of the asset manager’s stock valued at $11,518,000 after buying an additional 1,910 shares in the last quarter.

Voya Financial stock opened at $43.50 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $6.83 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.41. Voya Financial Inc has a 52 week low of $40.49 and a 52 week high of $55.27.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, October 30th. The asset manager reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.15. The business had revenue of $163.00 million for the quarter, compared to analyst estimates of $297.80 million. Voya Financial had a positive return on equity of 7.01% and a negative net margin of 28.31%. During the same period in the previous year, the company posted $0.51 earnings per share. Analysts anticipate that Voya Financial Inc will post 4.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, November 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.09%. Voya Financial’s payout ratio is presently 1.33%.

VOYA has been the topic of several recent research reports. Credit Suisse Group raised their target price on Voya Financial from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, August 17th. ValuEngine lowered Voya Financial from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Morgan Stanley cut their target price on Voya Financial from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, October 31st. Finally, Royal Bank of Canada dropped their price objective on Voya Financial to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.00.

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Voya Financial Profile

Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.

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

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