Coldstream Capital Management Inc. Purchases 270 Shares of Voya Financial, Inc. (NYSE:VOYA)

Coldstream Capital Management Inc. raised its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 8.1% during the third quarter, HoldingsChannel.com reports. The firm owned 3,591 shares of the asset manager’s stock after acquiring an additional 270 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Voya Financial were worth $285,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VOYA. Barclays PLC raised its position in shares of Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock valued at $3,872,000 after acquiring an additional 15,902 shares during the period. LRI Investments LLC raised its holdings in Voya Financial by 780.5% in the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after purchasing an additional 921 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Voya Financial by 2.6% during the third quarter. Public Employees Retirement System of Ohio now owns 39,625 shares of the asset manager’s stock worth $3,139,000 after purchasing an additional 990 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Voya Financial during the third quarter worth $344,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Voya Financial in the 3rd quarter valued at $325,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 1.0 %

Voya Financial stock opened at $69.10 on Tuesday. 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 stock has a 50-day simple moving average of $80.21 and a 200 day simple moving average of $75.02. The stock has a market capitalization of $6.65 billion, a P/E ratio of 11.00, a PEG ratio of 0.54 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 posted its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $2.07 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that Voya Financial, Inc. will post 8.09 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio is presently 28.66%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts have issued reports on VOYA shares. Barclays decreased their target price on Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. UBS Group raised Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Evercore ISI cut their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Piper Sandler upped their price target on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.67.

Voya Financial Company Profile

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.