Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Creative Planning

Creative Planning decreased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,647 shares of the asset manager’s stock after selling 569 shares during the quarter. Creative Planning’s holdings in Voya Financial were worth $527,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Voya Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after buying an additional 644,216 shares during the last quarter. Boston Partners grew its position in Voya Financial by 83.8% during the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after purchasing an additional 1,151,822 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Voya Financial by 1,020.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after purchasing an additional 2,156,773 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after purchasing an additional 248,795 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Voya Financial by 29.6% during the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after purchasing an additional 148,810 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on VOYA shares. Royal Bank of Canada lifted their price objective on shares of Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Evercore ISI lifted their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Bank of America lifted their price objective on shares of Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Morgan Stanley lowered their price objective on shares of 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, Jefferies Financial Group lifted their price objective on shares of Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.27.

Voya Financial Stock Down 5.1 %

VOYA stock opened at $74.98 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $83.93. The company has a fifty day simple moving average of $77.30 and a 200 day simple moving average of $73.42. The firm has a market cap of $7.37 billion, a PE ratio of 9.88, a PEG ratio of 0.56 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $2.07 EPS. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that Voya Financial, Inc. will post 8.28 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s payout ratio is presently 23.72%.

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.