Cascade Investment Advisors Inc. Raises Position in Voya Financial, Inc. $VOYA

Cascade Investment Advisors Inc. increased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 1.9% during the second quarter, Holdings Channel.com reports. The firm owned 26,100 shares of the asset manager’s stock after acquiring an additional 475 shares during the quarter. Voya Financial accounts for 1.2% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 28th largest holding. Cascade Investment Advisors Inc.’s holdings in Voya Financial were worth $1,853,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Voya Financial by 225.6% in the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 300 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Voya Financial in the first quarter valued at about $47,000. Geneos Wealth Management Inc. increased its position in shares of Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares during the period. Blue Trust Inc. increased its position in shares of Voya Financial by 36.9% in the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock valued at $64,000 after acquiring an additional 256 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Voya Financial by 142.9% in the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager’s stock valued at $91,000 after acquiring an additional 790 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Down 2.5%

Shares of NYSE VOYA opened at $72.66 on Monday. The company has a market cap of $7.01 billion, a PE ratio of 14.53, a P/E/G ratio of 0.54 and a beta of 0.98. The firm’s 50 day moving average price is $74.76 and its 200-day moving average price is $69.09. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.31. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.18 earnings per share. On average, equities research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.5%. Voya Financial’s payout ratio is presently 36.00%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VOYA. UBS Group boosted their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada boosted their price objective on shares of Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Finally, Barclays boosted their price objective on shares of Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

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.