Janney Montgomery Scott LLC Lowers Position in Voya Financial, Inc. $VOYA

Janney Montgomery Scott LLC cut its stake in Voya Financial, Inc. (NYSE:VOYA) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,332 shares of the asset manager’s stock after selling 925 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Voya Financial worth $3,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VOYA. UMB Bank n.a. grew its holdings in Voya Financial by 196.7% during the first quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager’s stock valued at $98,000 after purchasing an additional 958 shares during the period. Park Avenue Securities LLC grew its holdings in Voya Financial by 63.0% during the first quarter. Park Avenue Securities LLC now owns 15,665 shares of the asset manager’s stock valued at $1,061,000 after purchasing an additional 6,055 shares during the period. GAMMA Investing LLC grew its holdings in Voya Financial by 28.1% during the first quarter. GAMMA Investing LLC now owns 1,544 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 339 shares during the period. SG Americas Securities LLC bought a new position in Voya Financial during the first quarter valued at $944,000. Finally, CX Institutional bought a new position in Voya Financial during the first quarter valued at $4,278,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on VOYA. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a report on Saturday, September 27th. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Royal Bank Of Canada raised their price target on Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Evercore ISI raised their price target 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 raised their price target on Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.80.

Voya Financial Trading Down 0.6%

Shares of VOYA stock opened at $75.00 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $74.46 and a two-hundred day moving average price of $69.01. Voya Financial, Inc. has a 12-month low of $52.43 and a 12-month high of $84.30. The firm has a market cap of $7.23 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 0.56 and a beta of 0.98.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (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 firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $2.18 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

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

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.