9,278 Shares in Voya Financial, Inc. $VOYA Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,278 shares of the asset manager’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Voya Financial during the fourth quarter worth $28,000. Systematic Financial Management LP acquired a new stake in shares of Voya Financial during the fourth quarter worth $37,000. Root Financial Partners LLC raised its holdings in shares of Voya Financial by 59.6% during the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Voya Financial by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 475 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Trading Up 0.1%

VOYA stock opened at $100.22 on Wednesday. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $103.85. The company has a market capitalization of $9.08 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company’s 50-day simple moving average is $96.29 and its 200 day simple moving average is $82.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm earned $1.66 EPS. Voya Financial’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 9.27 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s dividend payout ratio is 31.70%.

Insider Activity

In related news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

VOYA has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Barclays boosted their price target on shares of Voya Financial from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Morgan Stanley lifted their target price on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Weiss Ratings lowered Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Raymond James Financial raised Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target for the company in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and a consensus target price of $102.54.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.