Wealth Enhancement Advisory Services LLC Has $731,000 Position in Voya Financial, Inc. (NYSE:VOYA)

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,622 shares of the asset manager’s stock after selling 2,024 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Voya Financial were worth $731,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vident Advisory LLC acquired a new position in Voya Financial in the fourth quarter valued at about $250,000. Victory Capital Management Inc. boosted its position in Voya Financial by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock valued at $22,561,000 after buying an additional 11,336 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Voya Financial by 420.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock valued at $4,812,000 after buying an additional 52,032 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock valued at $445,487,000 after buying an additional 876,399 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Voya Financial by 1.9% in the fourth quarter. Truist Financial Corp now owns 69,417 shares of the asset manager’s stock valued at $4,778,000 after buying an additional 1,301 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VOYA shares. JPMorgan Chase & Co. reduced their price target on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their target price on shares of Voya Financial from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. Barclays set a $70.00 target price on shares of Voya Financial in a research note on Wednesday, May 7th. Finally, Morgan Stanley boosted 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, May 19th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $81.92.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director now owns 355 shares of the company’s stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.99% of the company’s stock.

Voya Financial Trading Up 0.1%

VOYA opened at $68.06 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.48 and a beta of 0.99. The firm has a 50 day simple moving average of $62.59 and a 200 day simple moving average of $68.16. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30.

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

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial’s payout ratio is presently 33.96%.

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.