8,333 Shares in Voya Financial, Inc. $VOYA Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,333 shares of the asset manager’s stock, valued at approximately $787,000.

A number of other large investors have also made changes to their positions in VOYA. Ethic Inc. increased its holdings in shares of Voya Financial by 31.9% in the third quarter. Ethic Inc. now owns 11,366 shares of the asset manager’s stock valued at $1,074,000 after purchasing an additional 2,752 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Voya Financial by 7.3% during the third quarter. Pictet Asset Management Holding SA now owns 14,786 shares of the asset manager’s stock worth $1,397,000 after buying an additional 1,005 shares during the last quarter. Abacus Wealth Partners LLC acquired a new position in Voya Financial during the third quarter worth $321,000. Commonwealth Equity Services LLC boosted its stake in Voya Financial by 7.5% during the third quarter. Commonwealth Equity Services LLC now owns 4,271 shares of the asset manager’s stock worth $404,000 after buying an additional 299 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in Voya Financial by 10.6% during the third quarter. Chicago Partners Investment Group LLC now owns 3,587 shares of the asset manager’s stock worth $344,000 after buying an additional 343 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Voya Financial from $104.00 to $102.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Barclays lifted their price target on Voya Financial from $105.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 7th. Evercore reissued an “outperform” rating and set a $111.00 price target on shares of Voya Financial in a research report on Friday, August 7th. Morgan Stanley upped their price objective on shares of Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, August 24th. Finally, Keefe, Bruyette & Woods lowered shares of Voya Financial from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $110.00 to $108.00 in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average target price of $103.69.

Insider Activity at Voya Financial

In other news, insider Trevor Ogle sold 2,093 shares of the company’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $95.81, for a total value of $200,530.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by company insiders.

Voya Financial Stock Up 5.7%

VOYA stock opened at $104.67 on Tuesday. The firm has a market cap of $9.48 billion, a PE ratio of 16.83, a PEG ratio of 1.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.27 and a current ratio of 0.35. The firm’s 50 day moving average price is $98.65 and its 200-day moving average price is $86.97. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $105.68.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 2nd. The asset manager reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Voya Financial had a return on equity of 12.67% and a net margin of 7.75%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.45 earnings per share. On average, equities research analysts anticipate that Voya Financial, Inc. will post 9.16 EPS for the current year.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, November 24th will be given a $0.57 dividend. This is an increase from Voya Financial’s previous quarterly dividend of $0.47. This represents a $2.28 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, November 24th. Voya Financial’s dividend payout ratio (DPR) is presently 30.23%.

Voya Financial Company Profile

Voya Financial, Inc is a U.S.-based financial services company focused on workplace benefits, retirement plans and investment management. It serves employers, plan sponsors, institutions and individuals, primarily in the United States.

The company provides workplace retirement savings plans and related services, along with employee benefits such as group life, disability and supplemental health coverage. Through its investment management business, Voya offers investment strategies and services to institutional and individual clients.

Voya traces its roots to the U.S.