Candriam Luxembourg S.C.A. cut its position in shares of Voya Financial Inc (NYSE:VOYA) by 34.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,318 shares of the asset manager’s stock after selling 2,765 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Voya Financial were worth $248,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC grew its position in Voya Financial by 75.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 840 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 360 shares during the period. WASHINGTON TRUST Co purchased a new stake in shares of Voya Financial in the first quarter valued at $36,000. TFO TDC LLC purchased a new stake in shares of Voya Financial in the second quarter valued at $48,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Voya Financial by 255.3% in the first quarter. Rockefeller Capital Management L.P. now owns 1,240 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 891 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Voya Financial by 90.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,722 shares of the asset manager’s stock valued at $69,000 after purchasing an additional 818 shares in the last quarter.

Voya Financial stock opened at $49.40 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of -12.63 and a beta of 1.43. Voya Financial Inc has a one year low of $29.75 and a one year high of $63.81. The company’s fifty day moving average price is $47.26 and its two-hundred day moving average price is $48.86.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.23. The firm had revenue of $225.00 million for the quarter, compared to the consensus estimate of $224.19 million. Voya Financial had a negative net margin of 6.66% and a positive return on equity of 7.37%. During the same period in the prior year, the business posted $0.87 earnings per share. As a group, sell-side analysts anticipate that Voya Financial Inc will post 4.12 earnings per share for the current year.

A number of analysts have recently issued reports on VOYA shares. SunTrust Banks reduced their target price on Voya Financial from $65.00 to $45.00 and set a “hold” rating for the company in a report on Friday, May 15th. Piper Sandler reduced their target price on Voya Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Cfra dropped their price target on shares of Voya Financial from $69.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. ValuEngine downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Finally, Morgan Stanley upped their price target on shares of Voya Financial from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.67.

Voya Financial Company Profile

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