Sanctuary Advisors LLC Acquires Shares of 4,661 Voya Financial, Inc. (NYSE:VOYA)

Sanctuary Advisors LLC bought a new position in Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 4,661 shares of the asset manager’s stock, valued at approximately $319,000.

Several other hedge funds have also recently made changes to their positions in the business. FORA Capital LLC increased its stake in Voya Financial by 94.1% during the first quarter. FORA Capital LLC now owns 28,175 shares of the asset manager’s stock worth $2,083,000 after acquiring an additional 13,662 shares during the last quarter. Empowered Funds LLC raised its holdings in Voya Financial by 149.4% during the 1st quarter. Empowered Funds LLC now owns 25,399 shares of the asset manager’s stock valued at $1,877,000 after buying an additional 15,216 shares during the period. Capstone Investment Advisors LLC boosted its stake in Voya Financial by 348.4% during the first quarter. Capstone Investment Advisors LLC now owns 17,993 shares of the asset manager’s stock worth $1,330,000 after buying an additional 13,980 shares during the period. M&G Plc increased its position in Voya Financial by 18.6% during the second quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock valued at $8,357,000 after acquiring an additional 18,471 shares during the last quarter. Finally, Entropy Technologies LP increased its position in Voya Financial by 62.3% during the first quarter. Entropy Technologies LP now owns 26,997 shares of the asset manager’s stock valued at $1,996,000 after acquiring an additional 10,360 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VOYA has been the subject of a number of recent analyst reports. Raymond James cut shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Royal Bank of Canada upped their target price on Voya Financial from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Piper Sandler raised their price target on Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley cut their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Finally, Barclays lifted their target price on Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.27.

Voya Financial Stock Down 0.4 %

NYSE:VOYA opened at $83.54 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market cap of $8.41 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. The company has a 50-day moving average of $73.95 and a 200 day moving average of $72.45. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $83.93.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $2.31 earnings per share. As a group, research analysts anticipate that Voya Financial, Inc. will post 8.31 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. This is a positive change from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 27th. Voya Financial’s payout ratio is presently 25.57%.

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.