Vest Financial LLC Buys 21,310 Shares of Voya Financial, Inc. $VOYA

Vest Financial LLC boosted its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 41.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,163 shares of the asset manager’s stock after purchasing an additional 21,310 shares during the period. Vest Financial LLC owned approximately 0.08% of Voya Financial worth $6,912,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in Voya Financial during the second quarter worth about $850,187,000. Bank of New York Mellon Corp purchased a new stake in Voya Financial during the 2nd quarter worth about $520,280,000. Pzena Investment Management LLC raised its holdings in Voya Financial by 1.3% in the first quarter. Pzena Investment Management LLC now owns 3,673,118 shares of the asset manager’s stock valued at $250,947,000 after acquiring an additional 46,906 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Voya Financial by 10.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager’s stock worth $184,436,000 after purchasing an additional 248,935 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Voya Financial by 280.8% during the 1st quarter. First Trust Advisors LP now owns 526,864 shares of the asset manager’s stock worth $35,995,000 after acquiring an additional 388,520 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on VOYA shares. Wells Fargo & Company lowered their target price on shares of Voya Financial from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. UBS Group boosted their target price on Voya Financial from $125.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Evercore reissued an “outperform” rating and set a $111.00 price target on shares of Voya Financial in a report on Friday, August 7th. JPMorgan Chase & Co. cut their price objective on Voya Financial from $109.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Finally, Morgan Stanley lifted their price target on shares of Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.69.

Voya Financial Stock Up 2.2%

Shares of NYSE VOYA opened at $98.47 on Friday. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $105.64. The firm’s 50 day moving average price is $98.90 and its 200 day moving average price is $91.69. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $8.92 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. Voya Financial’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 EPS. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 9.19 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. Voya Financial’s payout ratio is currently 31.70%.

Voya Financial Company Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.