Sanctuary Advisors LLC Buys Shares of 4,661 Voya Financial, Inc. (NYSE:VOYA)

Sanctuary Advisors LLC purchased a new position in Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,661 shares of the asset manager’s stock, valued at approximately $319,000.

A number of other large investors have also made changes to their positions in VOYA. Hohimer Wealth Management LLC grew its stake in 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 buying an additional 140 shares during the last quarter. Arjuna Capital grew its stake in shares of Voya Financial by 0.8% during the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after acquiring an additional 161 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Voya Financial by 5.3% during the first quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager’s stock valued at $398,000 after acquiring an additional 272 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Voya Financial by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 25,316 shares of the asset manager’s stock valued at $1,871,000 after purchasing an additional 300 shares during the last quarter. 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 valued at $265,000 after purchasing an additional 358 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Trading Down 0.4 %

Shares of NYSE:VOYA opened at $83.54 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12-month low of $63.02 and a 12-month high of $83.93. The business has a 50 day moving average of $73.95 and a two-hundred day moving average of $72.45. The company has a market capitalization of $8.41 billion, a PE ratio of 11.87, a PEG ratio of 0.57 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.13. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.31 EPS. As a group, analysts forecast that Voya Financial, Inc. will post 8.31 EPS for the current year.

Voya Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.45 per share. This is a positive change from Voya Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, August 27th. Voya Financial’s dividend payout ratio is presently 25.57%.

Analyst Upgrades and Downgrades

VOYA has been the topic of several research analyst reports. Evercore ISI boosted their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Jefferies Financial Group raised their target price on Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Wells Fargo & Company boosted their price target on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley cut their price objective on 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.27.

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.