Wetherby Asset Management Inc. Increases Stock Position in Voya Financial Inc (NYSE:VOYA)

Wetherby Asset Management Inc. lifted its holdings in Voya Financial Inc (NYSE:VOYA) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,510 shares of the asset manager’s stock after purchasing an additional 419 shares during the period. Wetherby Asset Management Inc.’s holdings in Voya Financial were worth $409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VOYA. Quest Capital Management Inc. ADV acquired a new position in Voya Financial in the 3rd quarter valued at $27,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Voya Financial by 2,380.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 496 shares of the asset manager’s stock worth $28,000 after acquiring an additional 476 shares during the period. Hexavest Inc. acquired a new position in Voya Financial during the second quarter worth about $30,000. Doyle Wealth Management purchased a new position in Voya Financial in the 2nd quarter worth about $42,000. Finally, US Bancorp DE increased its stake in Voya Financial by 18.5% in the 2nd quarter. US Bancorp DE now owns 1,438 shares of the asset manager’s stock worth $79,000 after purchasing an additional 224 shares in the last quarter.

Shares of VOYA opened at $57.81 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.47. Voya Financial Inc has a 12-month low of $36.66 and a 12-month high of $59.00. The firm has a market capitalization of $7.88 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.56 and a beta of 1.51. The stock’s fifty day simple moving average is $54.22 and its 200-day simple moving average is $53.66.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, November 5th. The asset manager reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.04). Voya Financial had a net margin of 5.77% and a return on equity of 8.09%. The firm had revenue of $187.00 million for the quarter, compared to analyst estimates of $301.05 million. During the same period last year, the company earned $1.34 EPS. Analysts anticipate that Voya Financial Inc will post 5.46 EPS for the current year.

A number of equities analysts have commented on the company. UBS Group boosted their price objective on Voya Financial from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Citigroup reduced their price objective on Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Morgan Stanley upped their price target on Voya Financial from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday. ValuEngine lowered Voya Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada upped their price target on Voya Financial to $65.00 and gave the company an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. Voya Financial presently has an average rating of “Buy” and a consensus target price of $60.43.

In other Voya Financial news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $49.30 per share, for a total transaction of $49,300.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.69% of the stock is owned by insiders.

Voya Financial Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.

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

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