Quadrant Capital Group LLC lowered its position in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,677 shares of the asset manager’s stock after selling 213 shares during the period. Quadrant Capital Group LLC’s holdings in Voya Financial were worth $192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in VOYA. Atlas Capital Advisors LLC raised its stake in shares of Voya Financial by 48.4% during the fourth quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Voya Financial by 115.5% during the first quarter. EverSource Wealth Advisors LLC now owns 474 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 254 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Voya Financial during the first quarter valued at approximately $35,000. Brown Brothers Harriman & Co. bought a new stake in shares of Voya Financial during the first quarter valued at approximately $36,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Voya Financial during the first quarter valued at approximately $46,000. Institutional investors own 96.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Voya Financial from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price objective on shares of Voya Financial in a research note on Friday. StockNews.com downgraded shares of Voya Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Jefferies Financial Group reduced their price objective on shares of Voya Financial from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, September 14th. Finally, Piper Sandler reduced their price objective on shares of Voya Financial from $84.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.
Insider Buying and Selling at Voya Financial
In other news, insider Tony D. Oh sold 714 shares of Voya Financial stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $68.02, for a total transaction of $48,566.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.44% of the stock is currently owned by corporate insiders.
Voya Financial Trading Up 0.1 %
Shares of Voya Financial stock opened at $70.83 on Tuesday. The firm has a market capitalization of $7.40 billion, a PE ratio of 11.61, a P/E/G ratio of 0.70 and a beta of 1.13. Voya Financial, Inc. has a twelve month low of $58.83 and a twelve month high of $78.11. The firm’s 50-day moving average price is $67.74 and its 200 day moving average price is $70.04. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.69.
Voya Financial (NYSE:VOYA – Get Free Report) last posted its earnings results on Tuesday, October 31st. The asset manager reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Voya Financial had a net margin of 10.81% and a return on equity of 16.91%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $336.28 million. During the same quarter last year, the business posted $2.30 EPS. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.21 EPS for the current fiscal year.
Voya Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Monday, November 27th will be given a $0.40 dividend. The ex-dividend date is Friday, November 24th. This represents a $1.60 annualized dividend and a yield of 2.26%. Voya Financial’s dividend payout ratio is presently 26.23%.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. Its Wealth Solutions segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and services, as well as financial planning and advisory services.
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