Cwm LLC Lowers Stake in Voya Financial, Inc. (NYSE:VOYA)

Cwm LLC trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,295 shares of the asset manager’s stock after selling 161 shares during the period. Cwm LLC’s holdings in Voya Financial were worth $182,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VOYA. Hohimer Wealth Management LLC boosted its position in Voya Financial by 1.7% in the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock valued at $625,000 after buying an additional 140 shares during the last quarter. Arjuna Capital raised its holdings in shares of Voya Financial by 0.8% during the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after purchasing an additional 161 shares during the period. Blair William & Co. IL raised its holdings in shares of Voya Financial by 5.3% during the first quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager’s stock worth $398,000 after purchasing an additional 272 shares during the period. State of Michigan Retirement System lifted its position in shares of Voya Financial by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 25,316 shares of the asset manager’s stock worth $1,871,000 after buying an additional 300 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of Voya Financial by 10.6% in the 2nd quarter. Catalyst Financial Partners LLC now owns 3,729 shares of the asset manager’s stock valued at $265,000 after buying an additional 358 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VOYA shares. Evercore ISI raised their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 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 report on Wednesday, October 2nd. Barclays upped their price objective on Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target for the company. in a research report on Thursday, October 3rd. Finally, Citigroup raised their price target on shares of Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.27.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $81.58 on Thursday. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $83.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a fifty day moving average price of $75.29 and a two-hundred day moving average price of $72.75. The firm has a market cap of $8.02 billion, a P/E ratio of 10.75, a PEG ratio of 0.59 and a beta of 1.03.

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

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.