Bank of Montreal Can Trims Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Bank of Montreal Can lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,606 shares of the asset manager’s stock after selling 975 shares during the quarter. Bank of Montreal Can’s holdings in Voya Financial were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Voya Financial in the 3rd quarter worth about $29,000. UMB Bank n.a. boosted its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. Quarry LP purchased a new stake in shares of Voya Financial during the 2nd quarter valued at $61,000. Blue Trust Inc. raised its position in shares of Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in Voya Financial in the third quarter valued at $87,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

VOYA has been the topic of a number of research reports. UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. downgraded shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research note on Thursday, October 3rd. Morgan Stanley lowered their price target 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. Piper Sandler upped their target price on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Evercore ISI boosted their price target on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Voya Financial Stock Up 0.2 %

NYSE:VOYA opened at $82.02 on Friday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02. The stock has a 50-day simple moving average of $81.00 and a 200 day simple moving average 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. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30.

Voya Financial (NYSE:VOYA) last issued its earnings results 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Voya Financial’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 earnings per share. Sell-side analysts predict that Voya Financial, Inc. will post 8.4 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio is currently 28.66%.

Voya Financial 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.