Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in Voya Financial, Inc. (NYSE:VOYA) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 259,991 shares of the asset manager’s stock after selling 5,459 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Voya Financial were worth $18,498,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Voya Financial by 1,020.2% during 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 buying an additional 2,156,773 shares in the last quarter. Boston Partners lifted its holdings in Voya Financial by 83.8% during the 1st quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after buying an additional 1,151,822 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Voya Financial by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after buying an additional 644,216 shares in the last quarter. Gillson Capital LP acquired a new stake in Voya Financial during the 4th quarter worth approximately $11,142,000. Finally, Algebris UK Ltd acquired a new stake in Voya Financial during the 1st quarter worth approximately $10,362,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Up 0.5 %

NYSE VOYA opened at $77.01 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm’s fifty day moving average price is $70.68 and its 200 day moving average price is $71.40. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $78.12.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $2.31 EPS. On average, sell-side analysts expect that Voya Financial, Inc. will post 8.45 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.45 per share. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, August 27th. Voya Financial’s dividend payout ratio (DPR) is presently 25.57%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VOYA. Evercore ISI increased their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Wells Fargo & Company reduced their target price on shares of Voya Financial from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective on shares of Voya Financial in a research report on Monday. Morgan Stanley dropped their price objective on shares of 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. Finally, Jefferies Financial Group increased their price objective on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average price target of $83.45.

About Voya Financial

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.