Korea Investment CORP Lowers Holdings in Voya Financial, Inc. (NYSE:VOYA)

Korea Investment CORP cut its stake in Voya Financial, Inc. (NYSE:VOYA) by 13.3% in the first quarter, HoldingsChannel reports. The fund owned 30,000 shares of the asset manager’s stock after selling 4,600 shares during the period. Korea Investment CORP’s holdings in Voya Financial were worth $1,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Private Capital Group LLC raised its holdings in Voya Financial by 58.9% in the 1st quarter. Private Capital Group LLC now owns 429 shares of the asset manager’s stock worth $27,000 after purchasing an additional 159 shares during the period. NuWave Investment Management LLC increased its stake in shares of Voya Financial by 46.9% during the first quarter. NuWave Investment Management LLC now owns 523 shares of the asset manager’s stock worth $33,000 after purchasing an additional 167 shares in the last quarter. CWM LLC increased its stake in Voya Financial by 54.1% during the 1st quarter. CWM LLC now owns 570 shares of the asset manager’s stock worth $36,000 after buying an additional 200 shares in the last quarter. TD Ameritrade Investment Management LLC purchased a new position in shares of Voya Financial in the fourth quarter valued at approximately $48,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Voya Financial by 465.0% in the first quarter. International Assets Investment Management LLC now owns 1,130 shares of the asset manager’s stock worth $57,000 after acquiring an additional 930 shares during the last quarter.

Shares of Voya Financial stock opened at $61.10 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.43. Voya Financial, Inc. has a 52-week low of $44.81 and a 52-week high of $70.68. The stock has a market capitalization of $7.41 billion, a P/E ratio of 7.97 and a beta of 1.46. The business has a 50 day moving average price of $65.90.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Monday, May 10th. The asset manager reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.62. The business had revenue of $344.00 million for the quarter, compared to analyst estimates of $1.51 billion. Voya Financial had a negative net margin of 1.87% and a positive return on equity of 6.02%. During the same period last year, the business earned $1.10 EPS. As a group, analysts predict that Voya Financial, Inc. will post 6.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Shareholders of record on Wednesday, May 26th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Tuesday, May 25th. Voya Financial’s dividend payout ratio (DPR) is 13.72%.

In other Voya Financial news, insider Nancy Ferrara sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 26th. The shares were sold at an average price of $64.87, for a total value of $194,610.00. Following the transaction, the insider now directly owns 25,816 shares in the company, valued at $1,674,683.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather H. Lavallee sold 2,889 shares of the stock in a transaction that occurred on Monday, May 17th. The shares were sold at an average price of $68.56, for a total transaction of $198,069.84. Over the last ninety days, insiders have sold 8,889 shares of company stock valued at $588,430. Insiders own 1.47% of the company’s stock.

VOYA has been the subject of several recent analyst reports. Truist raised their price objective on shares of Voya Financial from $57.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, May 17th. They noted that the move was a valuation call. Royal Bank of Canada upped their target price on shares of Voya Financial from $66.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 7th. Morgan Stanley raised their price target on Voya Financial from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, March 12th. Truist Securities boosted their price objective on Voya Financial from $57.00 to $70.00 and gave the company a “hold” rating in a report on Monday, May 17th. Finally, JPMorgan Chase & Co. raised their target price on Voya Financial from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Monday, April 5th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.93.

Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. The company's 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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