First Mercantile Trust Co Lowers stake in Voya Financial Inc (VOYA)

Voya Financial Inc (VOYA) : First Mercantile Trust Co reduced its stake in Voya Financial Inc by 3.78% during the most recent quarter end. The investment management company now holds a total of 28,000 shares of Voya Financial Inc which is valued at $860,720 after selling 1,100 shares in Voya Financial Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Voya Financial Inc makes up approximately 0.12% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in VOYA by selling 8,144 shares or 41.22% in the most recent quarter. The Hedge Fund company now holds 11,612 shares of VOYA which is valued at $356,953. Voya Financial Inc makes up approx 0.05% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in VOYA by selling 20,842 shares or 41.15% in the most recent quarter. The Hedge Fund company now holds 29,801 shares of VOYA which is valued at $903,268.

Voya Financial Inc opened for trading at $30.36 and hit $30.91 on the upside on Friday, eventually ending the session at $30.74, with a gain of 1.59% or 0.48 points. The heightened volatility saw the trading volume jump to 23,74,329 shares. Company has a market cap of $6,155 M.

On the company’s financial health, Voya Financial Inc reported $0.79 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.79.Analysts expectations of $ 2134.81.During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Voya Financial Inc. Voya Financial Inc was Initiated by Credit Suisse to “Outperform” on Oct 7, 2016. Voya Financial Inc was Initiated by Wells Fargo to “Market Perform” on Sep 23, 2016. Voya Financial Inc was Downgraded by Goldman to ” Neutral” on Jul 15, 2016.

Voya Financial Inc. is a retirement investment and insurance company. The Company provides retirement services annuities investment management services mutual funds life insurance group insurance and supplemental health products guaranteed investment contracts and funding agreements. The Company provides its principal products and services in three ongoing businesses: Retirement Solutions Investment Management and Insurance Solutions. Retirement Solutions operates institutional retirement plans business and retail wealth management business. Investment Management segment offers fixed income equity multi-asset and alternatives products and solutions. Insurance Solutions segment offers insurance and employee benefit plans.

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