Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 27.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,604 shares of the asset manager’s stock after selling 2,456 shares during the quarter. Atria Investments Inc’s holdings in Voya Financial were worth $523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VOYA. Allspring Global Investments Holdings LLC increased its position in shares of Voya Financial by 6,850.0% during 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 during the last quarter. Blair William & Co. IL increased its position in shares of Voya Financial by 5.3% during the 1st 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 last quarter. Intech Investment Management LLC acquired a new stake in shares of Voya Financial during the 1st quarter worth about $233,000. Vanguard Group Inc. increased its position in shares of Voya Financial by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after purchasing an additional 644,216 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Voya Financial by 21.7% during the 1st quarter. Shell Asset Management Co. now owns 8,001 shares of the asset manager’s stock worth $591,000 after purchasing an additional 1,427 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VOYA has been the subject of a number of research analyst reports. 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 report on Thursday, October 3rd. Royal Bank of Canada lifted their price objective on Voya Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Finally, Morgan Stanley cut their price target on 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. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Voya Financial Stock Performance

Shares of NYSE VOYA opened at $79.99 on Wednesday. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30. The business’s 50-day moving average price is $79.72 and its two-hundred day moving average price is $74.35. The company has a market capitalization of $7.70 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm earned $2.07 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that Voya Financial, Inc. will post 8.2 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.25%. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.37% of the company’s stock.

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.