Tower Research Capital LLC TRC Sells 13,313 Shares of Voya Financial, Inc. (NYSE:VOYA)

Tower Research Capital LLC TRC cut its holdings in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 73.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,913 shares of the asset manager’s stock after selling 13,313 shares during the period. Tower Research Capital LLC TRC’s holdings in Voya Financial were worth $297,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VOYA. Keeley Teton Advisors LLC increased its position in Voya Financial by 9.2% during the third quarter. Keeley Teton Advisors LLC now owns 64,039 shares of the asset manager’s stock worth $3,874,000 after acquiring an additional 5,403 shares during the period. Guardian Wealth Advisors LLC acquired a new position in shares of Voya Financial during the third quarter valued at about $36,000. Boston Partners bought a new stake in shares of Voya Financial in the third quarter valued at about $121,188,000. Massachusetts Financial Services Co. MA grew its position in Voya Financial by 1.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,634 shares of the asset manager’s stock worth $130,174,000 after buying an additional 38,261 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Voya Financial by 35.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,958 shares of the asset manager’s stock worth $1,873,000 after buying an additional 8,019 shares in the last quarter.

Insider Activity at Voya Financial

In other Voya Financial news, CEO Rodney O. Martin, Jr. sold 109,588 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $74.23, for a total value of $8,134,717.24. Following the transaction, the chief executive officer now directly owns 220,882 shares in the company, valued at approximately $16,396,070.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Rodney O. Martin, Jr. sold 109,588 shares of Voya Financial stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $74.23, for a total value of $8,134,717.24. Following the completion of the sale, the chief executive officer now directly owns 220,882 shares in the company, valued at $16,396,070.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rodney O. Martin, Jr. sold 70,774 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $73.59, for a total transaction of $5,208,258.66. Following the transaction, the director now owns 228,208 shares in the company, valued at $16,793,826.72. The disclosure for this sale can be found here. Insiders sold a total of 183,926 shares of company stock valued at $13,606,926 over the last quarter. Corporate insiders own 1.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on VOYA shares. Royal Bank of Canada raised their price objective on Voya Financial from $79.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 13th. Piper Sandler boosted their price target on shares of Voya Financial from $78.00 to $84.00 in a report on Thursday, February 9th. Truist Financial raised their price objective on shares of Voya Financial from $70.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, February 9th. Morgan Stanley upped their target price on shares of Voya Financial from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Voya Financial from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.17.

Voya Financial Trading Up 2.4 %

Shares of VOYA opened at $76.26 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 0.65 and a beta of 1.17. The stock has a fifty day moving average price of $69.03 and a two-hundred day moving average price of $65.50. Voya Financial, Inc. has a 52-week low of $56.20 and a 52-week high of $78.11.

Voya Financial (NYSE:VOYA – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The asset manager reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.65. The business had revenue of $880.00 million during the quarter, compared to analysts’ expectations of $259.86 million. Voya Financial had a return on equity of 13.09% and a net margin of 9.37%. During the same period in the previous year, the business posted $1.90 earnings per share. Analysts predict that Voya Financial, Inc. will post 8.04 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.20 per share. This is a boost from Voya Financial’s previous quarterly dividend of $0.04. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, February 23rd. Voya Financial’s dividend payout ratio is 18.18%.

Voya Financial Profile

(Get Rating)

Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.