Voya Financial, Inc. $VOYA Shares Newly Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,333 shares of the asset manager’s stock, valued at approximately $787,000.

A number of other hedge funds also recently bought and sold shares of VOYA. TD Waterhouse Canada Inc. increased its position in shares of Voya Financial by 4.6% in the third quarter. TD Waterhouse Canada Inc. now owns 2,731 shares of the asset manager’s stock valued at $261,000 after buying an additional 120 shares in the last quarter. Signaturefd LLC raised its stake in shares of Voya Financial by 5.6% during the 3rd quarter. Signaturefd LLC now owns 2,351 shares of the asset manager’s stock worth $222,000 after buying an additional 124 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Voya Financial by 8.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,863 shares of the asset manager’s stock worth $176,000 after buying an additional 144 shares during the period. Versant Capital Management Inc lifted its position in shares of Voya Financial by 29.6% during the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock valued at $66,000 after buying an additional 159 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of Voya Financial by 4.8% during the 2nd quarter. Greenleaf Trust now owns 3,857 shares of the asset manager’s stock valued at $349,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE VOYA opened at $104.67 on Tuesday. The company has a market cap of $9.48 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.05 and a beta of 0.85. The stock’s 50 day simple moving average is $98.65 and its 200-day simple moving average is $86.97. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $105.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.35 and a quick ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Monday, November 2nd. The asset manager reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Voya Financial had a return on equity of 12.67% and a net margin of 7.75%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $2.45 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts anticipate that Voya Financial, Inc. will post 9.16 EPS for the current fiscal year.

Voya Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $0.57 per share. This is a boost from Voya Financial’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $2.28 annualized dividend and a yield of 2.2%. Voya Financial’s dividend payout ratio is presently 30.23%.

Analyst Upgrades and Downgrades

VOYA has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $109.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Atlantic Securities set a $79.00 price objective on shares of Voya Financial in a research report on Wednesday, July 15th. TD Cowen increased their price objective on shares of Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods lowered shares of Voya Financial from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $110.00 to $108.00 in a research report on Friday, October 9th. Finally, Wells Fargo & Company cut their target price on shares of Voya Financial from $104.00 to $102.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $103.69.

Insider Transactions at Voya Financial

In other news, insider Trevor Ogle sold 2,093 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $95.81, for a total transaction of $200,530.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by company insiders.

Voya Financial Company Profile

Voya Financial, Inc is a U.S.-based financial services company focused on workplace benefits, retirement plans and investment management. It serves employers, plan sponsors, institutions and individuals, primarily in the United States.

The company provides workplace retirement savings plans and related services, along with employee benefits such as group life, disability and supplemental health coverage. Through its investment management business, Voya offers investment strategies and services to institutional and individual clients.

Voya traces its roots to the U.S.