Atria Investments Inc Sells 2,456 Shares of Voya Financial, Inc. (NYSE:VOYA)

Atria Investments Inc lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 27.1% in the third quarter, Holdings Channel.com reports. The firm owned 6,604 shares of the asset manager’s stock after selling 2,456 shares during the period. Atria Investments Inc’s holdings in Voya Financial were worth $523,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Voya Financial during the third quarter worth approximately $29,000. UMB Bank n.a. raised its position in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after buying an additional 239 shares in the last quarter. Quarry LP acquired a new position in Voya Financial during the second quarter valued at approximately $61,000. Allspring Global Investments Holdings LLC raised its position in Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 822 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Insider Activity

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on VOYA. Barclays boosted their target price on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Bank of America upped their price objective on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Evercore ISI upped their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Morgan Stanley lowered their target price on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Voya Financial Stock Down 1.6 %

Shares of Voya Financial stock opened at $79.99 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $7.70 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a 52-week low of $63.11 and a 52-week high of $84.30. The company has a 50-day simple moving average of $79.72 and a two-hundred day simple moving average of $74.35.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. On average, analysts anticipate that Voya Financial, Inc. will post 8.2 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.66%.

Voya Financial Profile

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.