Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in Voya Financial, Inc. (NYSE:VOYA) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,329 shares of the asset manager’s stock after acquiring an additional 1,094 shares during the period. Envestnet Asset Management Inc. owned 0.22% of Voya Financial worth $14,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC boosted its stake in Voya Financial by 25.5% during the first quarter. OneDigital Investment Advisors LLC now owns 5,088 shares of the asset manager’s stock worth $345,000 after buying an additional 1,035 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Voya Financial by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 221,385 shares of the asset manager’s stock valued at $15,001,000 after buying an additional 574 shares during the period. Meritage Portfolio Management raised its holdings in shares of Voya Financial by 1.9% in the 1st quarter. Meritage Portfolio Management now owns 14,030 shares of the asset manager’s stock valued at $951,000 after buying an additional 261 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Voya Financial by 26.4% in the 1st quarter. Teacher Retirement System of Texas now owns 14,086 shares of the asset manager’s stock valued at $954,000 after buying an additional 2,942 shares during the period. Finally, Confluence Wealth Services Inc. increased its holdings in Voya Financial by 11.6% during the 1st quarter. Confluence Wealth Services Inc. now owns 15,411 shares of the asset manager’s stock worth $1,044,000 after purchasing an additional 1,606 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Performance

NYSE VOYA opened at $72.45 on Friday. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30. The company has a market capitalization of $6.97 billion, a P/E ratio of 13.67, a PEG ratio of 0.67 and a beta of 1.00. The business has a 50 day moving average price of $69.07 and a 200 day moving average price of $67.45. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.56. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. Voya Financial’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 earnings per share. Sell-side analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial’s payout ratio is 33.96%.

Analyst Ratings Changes

VOYA has been the topic of several recent research reports. Morgan Stanley set a $89.00 price target on Voya Financial and gave the stock an “overweight” rating in a report on Monday, July 14th. Barclays upped their target price on Voya Financial from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. UBS Group decreased their price objective on Voya Financial from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. 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, JPMorgan Chase & Co. raised their price target on Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.18.

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the transaction, the director owned 355 shares of the company’s stock, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.99% of the company’s stock.

Voya Financial Company 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.