Voya Financial, Inc. (NYSE:VOYA) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,375 shares of the asset manager’s stock after buying an additional 320 shares during the period. Raymond James & Associates owned about 0.12% of Voya Financial worth $9,457,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VOYA. FORA Capital LLC raised its holdings in shares of Voya Financial by 94.1% in the 1st quarter. FORA Capital LLC now owns 28,175 shares of the asset manager’s stock valued at $2,083,000 after purchasing an additional 13,662 shares in the last quarter. Empowered Funds LLC raised its stake in Voya Financial by 149.4% in the first 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 in the last quarter. Capstone Investment Advisors LLC lifted its holdings in Voya Financial by 348.4% during the 1st 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 last quarter. M&G Plc boosted its position in shares of Voya Financial by 18.6% during the 2nd quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock worth $8,357,000 after acquiring an additional 18,471 shares in the last quarter. Finally, Entropy Technologies LP increased its holdings in shares of Voya Financial by 62.3% in the 1st 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 institutional investors and hedge funds.

Voya Financial Trading Down 0.3 %

NYSE:VOYA opened at $80.40 on Wednesday. Voya Financial, Inc. has a 12-month low of $63.02 and a 12-month high of $83.93. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $76.34 and its 200-day simple moving average is $73.07. The firm has a market cap of $7.90 billion, a P/E ratio of 10.59, a PEG ratio of 0.56 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The company had revenue of $2.03 billion during 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%. Voya Financial’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.31 EPS. Equities analysts anticipate that Voya Financial, Inc. will post 8.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup upped their price target on Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley cut their price target on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Evercore ISI upped their price objective on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Royal Bank of Canada lifted their target price on Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. cut Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.27.

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.