Captrust Financial Advisors Decreases Stake in Voya Financial, Inc. (NYSE:VOYA)

Captrust Financial Advisors cut its holdings in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,067 shares of the asset manager’s stock after selling 707 shares during the quarter. Captrust Financial Advisors’ holdings in Voya Financial were worth $560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VOYA. CWM LLC raised its holdings in Voya Financial by 97.7% during the second quarter. CWM LLC now owns 2,456 shares of the asset manager’s stock worth $175,000 after purchasing an additional 1,214 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Voya Financial in the second quarter worth $196,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Voya Financial by 15.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,496 shares of the asset manager’s stock worth $818,000 after acquiring an additional 1,533 shares during the last quarter. Portman Square Capital LLP raised its holdings in shares of Voya Financial by 103.5% in the second quarter. Portman Square Capital LLP now owns 3,503 shares of the asset manager’s stock worth $249,000 after acquiring an additional 103,903 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Voya Financial by 68.6% in the second quarter. Fifth Third Wealth Advisors LLC now owns 6,518 shares of the asset manager’s stock worth $464,000 after acquiring an additional 2,653 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the company’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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is owned by company insiders.

Voya Financial Price Performance

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VOYA stock opened at $71.31 on Thursday. The stock has a 50-day moving average price of $80.77 and a two-hundred day moving average price of $75.10. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month 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 company has a market cap of $6.86 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.56 and a beta of 1.02.

Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings results 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. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that Voya Financial, Inc. will post 8.4 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Bank of America reissued a “neutral” rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday. Morgan Stanley cut their price target on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Wells Fargo & Company cut their price target on Voya Financial from $92.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Keefe, Bruyette & Woods cut their price target on Voya Financial from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Tuesday. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.67.

View Our Latest Stock Report on Voya Financial

About Voya Financial

(Free Report)

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.