Blue Trust Inc. Grows Position in Voya Financial, Inc. (NYSE:VOYA)

Blue Trust Inc. increased its position in Voya Financial, Inc. (NYSE:VOYA) by 3,640.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 823 shares of the asset manager’s stock after purchasing an additional 801 shares during the quarter. Blue Trust Inc.’s holdings in Voya Financial were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VOYA. V Square Quantitative Management LLC bought a new position in Voya Financial during the 3rd quarter valued at approximately $29,000. UMB Bank n.a. increased its position in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after buying an additional 239 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Voya Financial during the 1st quarter valued at approximately $43,000. Quarry LP bought a new stake in shares of Voya Financial in the 2nd quarter worth $61,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after purchasing an additional 822 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on VOYA. Bank of America lifted their target price on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a report on Thursday, October 3rd. Barclays lifted their target price on Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Evercore ISI lifted their target price on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Piper Sandler lifted their price objective on Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.27.

Voya Financial Price Performance

NYSE VOYA opened at $80.90 on Thursday. The company has a market capitalization of $7.95 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. 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 business’s fifty day moving average is $76.34 and its 200 day moving average is $73.07. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $83.93.

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, beating the consensus estimate of $2.14 by $0.13. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. Voya Financial’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 earnings per share. Sell-side analysts predict that Voya Financial, Inc. will post 8.28 earnings per share for the current year.

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.