Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. cut its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 20.9% during the 3rd quarter, Holdings Channel reports. The firm owned 12,200 shares of the asset manager’s stock after selling 3,230 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Voya Financial were worth $966,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Voya Financial by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after acquiring an additional 644,216 shares during the last quarter. Boston Partners grew its holdings in shares of Voya Financial by 83.8% in the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after acquiring an additional 1,151,822 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Voya Financial by 1,020.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after acquiring an additional 2,156,773 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Voya Financial by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after acquiring an additional 248,795 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Voya Financial by 29.6% in the 2nd quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after acquiring an additional 148,810 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Voya Financial 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VOYA. Royal Bank of Canada lifted their target price on Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group upgraded Voya Financial to a “strong-buy” rating in a report on Monday. Citigroup raised their target price on Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. 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 report on Thursday, July 18th. Finally, JPMorgan Chase & Co. cut Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.00.

Voya Financial Price Performance

VOYA opened at $81.35 on Friday. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30. 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 stock has a fifty day moving average price of $79.09 and a 200 day moving average price of $74.05.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.09% and a net margin of 8.81%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. Voya Financial’s payout ratio is 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.