Natixis Advisors L.P. trimmed its holdings in Voya Financial Inc (NYSE:VOYA) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,848 shares of the asset manager’s stock after selling 1,821 shares during the period. Natixis Advisors L.P.’s holdings in Voya Financial were worth $5,573,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Doyle Wealth Management bought a new stake in shares of Voya Financial in the fourth quarter worth about $35,000. Lindbrook Capital LLC bought a new stake in shares of Voya Financial in the fourth quarter worth about $37,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Voya Financial by 2,374.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,574,492 shares of the asset manager’s stock worth $39,000 after purchasing an additional 1,510,857 shares during the last quarter. Essex Savings Bank bought a new stake in shares of Voya Financial in the fourth quarter worth about $42,000. Finally, First Mercantile Trust Co. increased its holdings in shares of Voya Financial by 95.5% in the fourth quarter. First Mercantile Trust Co. now owns 1,310 shares of the asset manager’s stock worth $52,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 98.23% of the company’s stock.
Shares of NYSE VOYA opened at $49.99 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of 0.55. Voya Financial Inc has a 1-year low of $36.66 and a 1-year high of $55.27. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 12.37 and a beta of 1.46.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.04 annualized dividend and a yield of 0.08%. Voya Financial’s payout ratio is currently 0.99%.
In related news, Director Joseph V. Tripodi acquired 1,500 shares of Voya Financial stock in a transaction on Wednesday, February 13th. The shares were bought at an average cost of $49.45 per share, with a total value of $74,175.00. Following the completion of the purchase, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $173,075. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ruth Ann M. Gillis acquired 926 shares of Voya Financial stock in a transaction on Friday, March 1st. The shares were bought at an average cost of $50.60 per share, for a total transaction of $46,855.60. The disclosure for this purchase can be found here. Insiders have sold 23,911 shares of company stock worth $1,175,087 over the last three months. 0.36% of the stock is currently owned by insiders.
VOYA has been the topic of several research reports. JPMorgan Chase & Co. reduced their target price on Voya Financial from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Wednesday, January 2nd. Goldman Sachs Group raised Voya Financial from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $60.00 to $54.00 in a report on Tuesday, January 8th. ValuEngine raised Voya Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group set a $59.00 target price on Voya Financial and gave the stock a “buy” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $57.78.
WARNING: “Voya Financial Inc (VOYA) Shares Sold by Natixis Advisors L.P.” was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://dakotafinancialnews.com/2019/03/15/voya-financial-inc-voya-shares-sold-by-natixis-advisors-l-p.html.
About Voya Financial
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.
Recommended Story: Why investors pay attention to retained earnings
Want to see what other hedge funds are holding VOYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Financial Inc (NYSE:VOYA).
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.