Captrust Financial Advisors Sells 1,138 Shares of Voya Financial, Inc. (NYSE:VOYA)

Captrust Financial Advisors lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,929 shares of the asset manager’s stock after selling 1,138 shares during the period. Captrust Financial Advisors’ holdings in Voya Financial were worth $408,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 327 shares during the period. Quarry LP acquired a new stake in Voya Financial in the 4th quarter valued at about $37,000. R Squared Ltd bought a new position in Voya Financial during the fourth quarter worth about $41,000. Finally, Venturi Wealth Management LLC increased its position in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Down 0.4%

Shares of Voya Financial stock opened at $69.27 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.48 and a beta of 0.95. The firm’s 50-day moving average price is $62.93 and its two-hundred day moving average price is $69.66.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $1.77 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.60%. Voya Financial’s dividend payout ratio (DPR) is currently 33.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Barclays set a $70.00 price objective on shares of Voya Financial in a research report on Wednesday, May 7th. Morgan Stanley raised their target price on shares of Voya Financial from $70.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday. Bank of America reissued an “underperform” rating and issued a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Finally, Wells Fargo & Company raised their price objective on shares of Voya Financial from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $82.00.

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.