Envestnet Asset Management Inc. Purchases 16,278 Shares of Voya Financial, Inc. $VOYA

Envestnet Asset Management Inc. increased its position in Voya Financial, Inc. (NYSE:VOYA) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,390 shares of the asset manager’s stock after purchasing an additional 16,278 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of Voya Financial worth $16,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Voya Financial by 21.7% in the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after buying an additional 15,091 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Voya Financial by 8.4% in the first quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after acquiring an additional 51,376 shares during the period. Empowered Funds LLC increased its stake in Voya Financial by 13.5% in the first quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after acquiring an additional 4,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Voya Financial by 1.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock worth $25,081,000 after purchasing an additional 6,127 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Evercore cut their target price on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Barclays raised Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $83.00 to $93.00 in a report on Thursday, January 8th. Wall Street Zen lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Morgan Stanley reiterated an “overweight” rating on shares of Voya Financial in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price target on shares of Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $86.78.

Voya Financial Stock Up 0.6%

NYSE VOYA opened at $74.56 on Monday. The stock has a market capitalization of $7.09 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.50 and a beta of 0.89. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $79.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.36. The stock has a fifty day moving average of $75.42 and a 200-day moving average of $74.09.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.40 EPS. On average, equities research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.89%.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.