Teacher Retirement System of Texas cut its position in Voya Financial Inc (NYSE:VOYA) by 69.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,887 shares of the asset manager’s stock after selling 345,156 shares during the quarter. Teacher Retirement System of Texas’ holdings in Voya Financial were worth $7,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VOYA. Toronto Dominion Bank raised its stake in shares of Voya Financial by 7.9% during the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 199 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Voya Financial by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock valued at $276,000 after purchasing an additional 321 shares during the period. CIBC Asset Management Inc raised its stake in shares of Voya Financial by 12.9% during the 4th quarter. CIBC Asset Management Inc now owns 9,028 shares of the asset manager’s stock valued at $447,000 after purchasing an additional 1,028 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Voya Financial by 0.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 255,423 shares of the asset manager’s stock valued at $12,636,000 after purchasing an additional 1,147 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Voya Financial by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 71,000 shares of the asset manager’s stock valued at $2,844,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 96.18% of the company’s stock.

A number of analysts recently issued reports on VOYA shares. Wells Fargo & Co reiterated a “buy” rating on shares of Voya Financial in a research note on Friday, December 8th. Deutsche Bank started coverage on Voya Financial in a research note on Tuesday, January 2nd. They set a “buy” rating and a $59.00 price objective on the stock. Evercore ISI upgraded Voya Financial to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, December 27th. ValuEngine upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $55.00 price objective on shares of Voya Financial in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. Voya Financial has a consensus rating of “Buy” and a consensus target price of $52.82.

Voya Financial Inc (NYSE VOYA) opened at $51.19 on Thursday. The firm has a market capitalization of $9,200.00, a PE ratio of -28.76, a price-to-earnings-growth ratio of 0.61 and a beta of 1.61. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. Voya Financial Inc has a one year low of $33.53 and a one year high of $54.87.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 13th. The asset manager reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $2.19 billion for the quarter. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. equities analysts predict that Voya Financial Inc will post 2.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. Voya Financial’s dividend payout ratio is currently -2.25%.

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Voya Financial Company Profile

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.

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

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