Farther Finance Advisors LLC Cuts Stake in Voya Financial, Inc. (NYSE:VOYA)

Farther Finance Advisors LLC lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,158 shares of the asset manager’s stock after selling 162 shares during the quarter. Farther Finance Advisors LLC’s holdings in Voya Financial were worth $409,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VOYA. Hohimer Wealth Management LLC increased its holdings in Voya Financial by 1.7% in the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock valued at $625,000 after acquiring an additional 140 shares during the last quarter. Arjuna Capital grew its position 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 valued at $1,401,000 after purchasing an additional 161 shares in the last quarter. US Bancorp DE increased its holdings in shares of Voya Financial by 5.8% in the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after purchasing an additional 202 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Voya Financial by 6.8% in the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after buying an additional 210 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Insider Transactions at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction that occurred on 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 at this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VOYA shares. Citigroup upped their price objective on Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Bank of America upped their price target on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays lifted their price objective on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Wells Fargo & Company upped their target price on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group boosted their price objective on Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.55.

Voya Financial Trading Down 2.0 %

Shares of NYSE VOYA opened at $81.25 on Friday. The business’s 50 day moving average price is $77.94 and its 200-day moving average price is $73.58. Voya Financial, Inc. has a fifty-two week low of $63.11 and a fifty-two week high of $83.93. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.55 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate 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 15.50% and a net margin of 8.81%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $2.07 earnings per share. On average, sell-side analysts expect that Voya Financial, Inc. will post 8.28 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a $0.45 dividend. 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 2.22%. Voya Financial’s dividend payout ratio is currently 28.66%.

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.