Nordea Investment Management AB Has $212,000 Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Nordea Investment Management AB decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 39.5% during the first quarter, HoldingsChannel reports. The firm owned 2,855 shares of the asset manager’s stock after selling 1,863 shares during the quarter. Nordea Investment Management AB’s holdings in Voya Financial were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Voya Financial in the 4th quarter valued at approximately $80,749,000. Vanguard Group Inc. grew its stake in shares of Voya Financial by 7.8% in the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock worth $695,436,000 after acquiring an additional 752,851 shares during the last quarter. Gillson Capital LP bought a new position in Voya Financial during the fourth quarter worth $11,142,000. Hsbc Holdings PLC raised its stake in Voya Financial by 74.6% during the 4th quarter. Hsbc Holdings PLC now owns 165,902 shares of the asset manager’s stock valued at $12,104,000 after purchasing an additional 70,877 shares during the last quarter. Finally, AGF Management Ltd. bought a new stake in Voya Financial in the 4th quarter valued at $4,884,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 2,165 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $73.78, for a total transaction of $159,733.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

VOYA has been the topic of several research reports. Bank of America boosted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price target on Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, May 10th. JPMorgan Chase & Co. boosted their price objective on Voya Financial from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, July 2nd. Evercore ISI upped their target price on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Piper Sandler lifted their price target on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.60.

Voya Financial Trading Down 0.8 %

Shares of Voya Financial stock opened at $71.87 on Friday. Voya Financial, Inc. has a 12-month low of $63.02 and a 12-month high of $77.00. The stock has a market capitalization of $7.24 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. The company has a 50-day simple moving average of $73.04 and a 200 day simple moving average of $71.33. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.30. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $1.69 earnings per share. Research analysts expect that Voya Financial, Inc. will post 8.41 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, May 24th. Voya Financial’s dividend payout ratio is currently 22.73%.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.