Sei Investments Co. Lowers Holdings in Voya Financial, Inc. (NYSE:VOYA)

Sei Investments Co. reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,831 shares of the asset manager’s stock after selling 9,077 shares during the quarter. Sei Investments Co. owned approximately 0.15% of Voya Financial worth $10,305,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Hohimer Wealth Management LLC lifted its stake in shares of Voya Financial by 1.7% during the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock worth $625,000 after purchasing an additional 140 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its stake in shares of Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after purchasing an additional 149 shares during the last quarter. Arjuna Capital lifted its stake in shares of Voya Financial by 0.8% during the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after purchasing an additional 161 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Voya Financial by 5.3% during the 1st quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager’s stock worth $398,000 after purchasing an additional 272 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Voya Financial by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 36,528 shares of the asset manager’s stock worth $2,700,000 after purchasing an additional 300 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VOYA has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Evercore ISI increased their price target on Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. decreased their price target on Voya Financial from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company decreased their price target on Voya Financial from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and an average price target of $83.45.

Voya Financial Stock Down 0.2 %

Shares of VOYA stock opened at $78.49 on Friday. The stock’s 50-day simple moving average is $71.15 and its 200-day simple moving average is $71.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $7.72 billion, a PE ratio of 11.15, a P/E/G ratio of 0.57 and a beta of 1.03. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $79.69.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, topping the consensus estimate of $2.14 by $0.13. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. Voya Financial’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $2.31 earnings per share. Equities analysts expect that Voya Financial, Inc. will post 8.45 earnings per share for the current year.

Voya Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, August 27th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.29%. This is a positive change from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 27th. Voya Financial’s dividend payout ratio (DPR) is 25.57%.

About Voya Financial

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.