4,100 Shares in Voya Financial, Inc. (NYSE:VOYA) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the 3rd quarter, Holdings Channel reports. The fund purchased 4,100 shares of the asset manager’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Weiss Asset Management LP acquired a new position in Voya Financial in the third quarter worth $919,000. Quantinno Capital Management LP increased its position in Voya Financial by 79.0% in the 3rd quarter. Quantinno Capital Management LP now owns 15,558 shares of the asset manager’s stock valued at $1,233,000 after acquiring an additional 6,866 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Voya Financial in the third quarter worth about $1,158,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Voya Financial by 28.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 19,670 shares of the asset manager’s stock worth $1,558,000 after purchasing an additional 4,347 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Voya Financial by 31.0% during the third quarter. Holocene Advisors LP now owns 97,254 shares of the asset manager’s stock valued at $7,704,000 after purchasing an additional 22,995 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VOYA has been the topic of several research reports. Piper Sandler upped their price objective on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Morgan Stanley dropped their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Keefe, Bruyette & Woods cut their target price on shares of Voya Financial from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Evercore ISI lowered their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.67.

Voya Financial Stock Down 0.5 %

Shares of NYSE:VOYA opened at $69.83 on Friday. The company has a 50 day moving average price of $80.41 and a two-hundred day moving average price of $75.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $6.72 billion, a PE ratio of 11.12, a PEG ratio of 0.51 and a beta of 1.02. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Analysts forecast that Voya Financial, Inc. will post 8.24 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio is currently 28.66%.

Insider Activity

In related news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by company insiders.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.