Coastline Trust Co Invests $602,000 in Voya Financial, Inc. $VOYA

Coastline Trust Co purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,075 shares of the asset manager’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Voya Financial in the 3rd quarter valued at $26,000. Allworth Financial LP grew its holdings in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after buying an additional 518 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after acquiring an additional 475 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Voya Financial in the 3rd quarter worth about $42,000. Institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on VOYA shares. Morgan Stanley dropped their target price on Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on shares of Voya Financial from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Wall Street Zen cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Barclays raised Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $83.00 to $93.00 in a research report on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.89.

Voya Financial Trading Down 1.0%

NYSE:VOYA opened at $66.86 on Friday. Voya Financial, Inc. has a 1 year low of $52.43 and a 1 year high of $79.99. The stock’s fifty day moving average price is $72.79 and its two-hundred day moving average price is $73.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $6.20 billion, a P/E ratio of 10.63, a P/E/G ratio of 0.46 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last posted its 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 during the quarter, compared to analysts’ expectations of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 earnings per share. As a group, analysts expect 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 will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.88 annualized dividend and a dividend yield of 2.8%. Voya Financial’s payout ratio is presently 29.89%.

About Voya Financial

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.