Johnson Financial Group Inc. decreased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) by 84.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,171 shares of the asset manager’s stock after selling 6,243 shares during the quarter. Johnson Financial Group Inc.’s holdings in Voya Financial were worth $80,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Voya Financial in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in Voya Financial in the fourth quarter valued at about $33,000. Systematic Financial Management LP acquired a new stake in shares of Voya Financial during the fourth quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. JPMorgan Chase & Co. boosted their price objective on shares of Voya Financial from $88.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays increased their price objective on Voya Financial from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Morgan Stanley lifted their target price on Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company upped their price target on Voya Financial from $89.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.62.
Insider Transactions at Voya Financial
In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the sale, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.
Voya Financial Stock Performance
VOYA opened at $98.45 on Thursday. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $103.85. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.90 and a beta of 0.91. The company’s fifty day moving average price is $89.78 and its two-hundred day moving average price is $79.21. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48.
Voya Financial (NYSE:VOYA – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts expect that Voya Financial, Inc. will post 9.4 EPS for the current fiscal year.
Voya Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, May 26th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 1.9%. Voya Financial’s dividend payout ratio is presently 28.40%.
Voya Financial Profile
Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.
Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.
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