Voya Financial, Inc. $VOYA Shares Newly Bought by Virtue Capital Management LLC

Virtue Capital Management LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,463 shares of the asset manager’s stock, valued at approximately $1,650,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its holdings in shares of Voya Financial by 4.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,731 shares of the asset manager’s stock valued at $261,000 after purchasing an additional 120 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Voya Financial by 5.6% during the third quarter. Signaturefd LLC now owns 2,351 shares of the asset manager’s stock valued at $222,000 after purchasing an additional 124 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Voya Financial by 8.4% during the third quarter. Farther Finance Advisors LLC now owns 1,863 shares of the asset manager’s stock valued at $176,000 after purchasing an additional 144 shares in the last quarter. Versant Capital Management Inc increased its holdings in Voya Financial by 29.6% during the third quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock valued at $66,000 after buying an additional 159 shares during the period. Finally, Greenleaf Trust increased its holdings in Voya Financial by 4.8% during the second quarter. Greenleaf Trust now owns 3,857 shares of the asset manager’s stock valued at $349,000 after buying an additional 176 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VOYA has been the subject of a number of analyst reports. Barclays upped their target price on Voya Financial from $105.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Wells Fargo & Company cut their price target on Voya Financial from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. TD Cowen boosted their price target on Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada boosted their price target on Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $103.69.

Voya Financial Stock Performance

Shares of VOYA opened at $98.18 on Monday. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $105.64. The stock has a fifty day moving average price of $98.52 and a 200-day moving average price of $86.20. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm has a market cap of $8.89 billion, a PE ratio of 16.56, a P/E/G ratio of 0.99 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts predict that Voya Financial, Inc. will post 9.17 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, November 24th will be issued a $0.57 dividend. This is a boost from Voya Financial’s previous quarterly dividend of $0.47. This represents a $2.28 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, November 24th. Voya Financial’s dividend payout ratio is 38.45%.

Insider Buying and Selling at Voya Financial

In other news, insider Trevor Ogle sold 2,093 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $95.81, for a total transaction of $200,530.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.57% of the company’s stock.

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.