Sanctuary Advisors LLC Makes New Investment in Voya Financial, Inc. $VOYA

Sanctuary Advisors LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYAFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,105 shares of the asset manager’s stock, valued at approximately $643,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its position in Voya Financial by 21.7% during the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after purchasing an additional 15,091 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Voya Financial by 8.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after buying an additional 51,376 shares during the last quarter. Empowered Funds LLC grew its position in shares of Voya Financial by 13.5% in the first quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after purchasing an additional 4,490 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Voya Financial by 1.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock worth $25,081,000 after buying an additional 6,127 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 1.2%

Shares of Voya Financial stock opened at $102.34 on Friday. The business’s 50 day moving average is $97.76 and its 200-day moving average is $83.66. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $103.85. The stock has a market cap of $9.27 billion, a P/E ratio of 17.26, a P/E/G ratio of 0.99 and a beta of 0.89. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYAGet Free Report) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 earnings per share. Equities research analysts predict that Voya Financial, Inc. will post 9.25 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s dividend payout ratio is currently 31.70%.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This represents a 58.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VOYA. Jefferies Financial Group boosted their price target on shares of Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a report on Friday, July 10th. Weiss Ratings cut shares of Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods raised their target price on shares of Voya Financial from $109.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Atlantic Securities set a $79.00 price objective on Voya Financial in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada raised their price objective on Voya Financial from $107.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.85.

View Our Latest Report on VOYA

About Voya Financial

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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