Empowered Funds LLC Decreases Stake in Voya Financial, Inc. (NYSE:VOYA)

Empowered Funds LLC lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,634 shares of the asset manager’s stock after selling 199 shares during the period. Empowered Funds LLC’s holdings in Voya Financial were worth $2,189,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Voya Financial during the 3rd quarter worth approximately $29,000. UMB Bank n.a. grew its stake in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares during the last quarter. Quarry LP purchased a new position in Voya Financial during the 2nd quarter valued at about $61,000. 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 worth $65,000 after acquiring an additional 801 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in Voya Financial in the 3rd quarter valued at approximately $87,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VOYA shares. Piper Sandler upped their price objective on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Bank of America raised their price target on shares of Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price objective on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research report on Thursday, October 3rd. Six equities research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Voya Financial Stock Performance

Shares of VOYA opened at $79.91 on Thursday. Voya Financial, Inc. has a 52-week low of $63.11 and a 52-week high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.58 and a beta of 1.03. The business’s 50 day moving average is $79.82 and its two-hundred day moving average is $74.39.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS 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 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 for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $2.07 earnings per share. Analysts forecast that Voya Financial, Inc. will post 8.2 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio is currently 28.66%.

Voya Financial Company 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.