Farther Finance Advisors LLC Decreases Position in Voya Financial, Inc. $VOYA

Farther Finance Advisors LLC lowered its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 73.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,206 shares of the asset manager’s stock after selling 3,256 shares during the period. Farther Finance Advisors LLC’s holdings in Voya Financial were worth $86,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Voya Financial in the 1st quarter valued at approximately $47,000. Geneos Wealth Management Inc. lifted its stake in Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the last quarter. Blue Trust Inc. lifted its stake in Voya Financial by 36.9% during the first quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock worth $64,000 after purchasing an additional 256 shares during the last quarter. Bessemer Group Inc. lifted its stake in Voya Financial by 142.9% in the first quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager’s stock valued at $91,000 after buying an additional 790 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake 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 valued at $98,000 after buying an additional 958 shares during 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 topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research note on Saturday, September 27th. Royal Bank Of Canada lifted their price objective on shares of Voya Financial from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. UBS Group boosted their price target on shares of Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Morgan Stanley boosted their price target on shares of Voya Financial from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Finally, Evercore ISI boosted their price target on shares of Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Seven 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.70.

Voya Financial Trading Up 0.4%

NYSE:VOYA opened at $75.00 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The stock’s 50-day moving average is $74.30 and its two-hundred day moving average is $68.91. The stock has a market cap of $7.23 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.98.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $2.18 EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, August 26th. Voya Financial’s payout ratio is currently 36.00%.

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.