Stifel Financial Corp Trims Position in Voya Financial, Inc. (NYSE:VOYA)

Stifel Financial Corp lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 8.2% during the third quarter, HoldingsChannel reports. The firm owned 53,675 shares of the asset manager’s stock after selling 4,782 shares during the quarter. Stifel Financial Corp’s holdings in Voya Financial were worth $4,252,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VOYA. SG Americas Securities LLC purchased a new position in shares of Voya Financial in the 2nd quarter worth $196,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Voya Financial by 15.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,496 shares of the asset manager’s stock worth $818,000 after buying an additional 1,533 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of Voya Financial by 68.6% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 6,518 shares of the asset manager’s stock worth $464,000 after buying an additional 2,653 shares during the period. Easterly Investment Partners LLC raised its position in shares of Voya Financial by 49.4% in the 2nd quarter. Easterly Investment Partners LLC now owns 98,619 shares of the asset manager’s stock worth $7,017,000 after buying an additional 32,622 shares during the period. Finally, Catalyst Financial Partners LLC raised its position in shares of Voya Financial by 10.6% in the 2nd quarter. Catalyst Financial Partners LLC now owns 3,729 shares of the asset manager’s stock worth $265,000 after buying an additional 358 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.5 %

Shares of Voya Financial stock opened at $69.83 on Monday. The business has a 50-day moving average of $80.41 and a 200-day moving average of $75.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $6.72 billion, a PE ratio of 11.12, a P/E/G ratio of 0.54 and a beta of 1.02. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA) last announced its earnings results 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $2.07 earnings per share. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.09 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio is currently 28.66%.

Analyst Ratings Changes

VOYA has been the topic of several research reports. Morgan Stanley cut their target price on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Barclays cut their price objective on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Bank of America reissued a “neutral” rating and issued a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods cut their price objective on Voya Financial from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.67.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by corporate insiders.

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.