Swiss National Bank Sells 3,200 Shares of Voya Financial, Inc. (NYSE:VOYA)

Swiss National Bank lowered its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,700 shares of the asset manager’s stock after selling 3,200 shares during the period. Swiss National Bank owned approximately 0.20% of Voya Financial worth $15,583,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VOYA. V Square Quantitative Management LLC purchased a new position in Voya Financial in the third quarter worth about $29,000. UMB Bank n.a. raised its holdings in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares during the last quarter. Quarry LP purchased a new position in Voya Financial in the second quarter worth about $61,000. Blue Trust Inc. raised its holdings in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in Voya Financial in the third quarter worth about $87,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 1.2 %

Shares of VOYA stock opened at $81.68 on Friday. Voya Financial, Inc. has a 12 month low of $63.11 and a 12 month high of $84.30. The stock has a market cap of $7.86 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.57 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $79.93 and a two-hundred day simple moving average of $74.43.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.07 earnings per share. On average, research analysts expect that Voya Financial, Inc. will post 8.2 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.20%. Voya Financial’s payout ratio is currently 28.66%.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value 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.

Wall Street Analyst Weigh In

VOYA has been the subject of several recent analyst reports. Evercore ISI lifted 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. Royal Bank of Canada lifted their target price on shares of Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Morgan Stanley decreased their price objective on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Piper Sandler boosted their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

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.