Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Voya Financial, Inc. $VOYA

Wealth Enhancement Advisory Services LLC increased its holdings in Voya Financial, Inc. (NYSE:VOYA) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,719 shares of the asset manager’s stock after acquiring an additional 351 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Voya Financial were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VOYA. Versant Capital Management Inc lifted its stake in Voya Financial by 666.4% in the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager’s stock worth $60,000 after acquiring an additional 773 shares during the period. GAMMA Investing LLC raised its holdings in Voya Financial by 8,582.2% in the first quarter. GAMMA Investing LLC now owns 104,621 shares of the asset manager’s stock worth $7,089,000 after purchasing an additional 103,416 shares in the last quarter. NBC Securities Inc. raised its holdings in Voya Financial by 109,775.0% in the first quarter. NBC Securities Inc. now owns 4,395 shares of the asset manager’s stock worth $297,000 after purchasing an additional 4,391 shares in the last quarter. UMB Bank n.a. raised its holdings in Voya Financial by 196.7% in the first quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager’s stock worth $98,000 after purchasing an additional 958 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Voya Financial by 63.0% in the first quarter. Park Avenue Securities LLC now owns 15,665 shares of the asset manager’s stock worth $1,061,000 after purchasing an additional 6,055 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

VOYA has been the subject of a number of research reports. Morgan Stanley increased their price objective on Voya Financial from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. JPMorgan Chase & Co. increased their price objective on Voya Financial from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Evercore ISI increased their price objective on Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Finally, UBS Group increased their price objective on Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $83.70.

Voya Financial Price Performance

NYSE VOYA opened at $74.75 on Friday. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $84.30. The stock has a 50-day moving average of $74.24 and a 200 day moving average of $68.85. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, topping the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $2.18 EPS. Voya Financial’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, sell-side analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is presently 36.00%.

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.