EP Wealth Advisors LLC Makes New $325,000 Investment in Voya Financial, Inc. (NYSE:VOYA)

EP Wealth Advisors LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,100 shares of the asset manager’s stock, valued at approximately $325,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Voya Financial during the 3rd quarter valued at $29,000. UMB Bank n.a. boosted its position in Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. Quarry LP purchased a new position in Voya Financial in the second quarter valued at about $61,000. Blue Trust Inc. increased its position in Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Voya Financial in the third quarter worth approximately $79,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Down 0.5 %

NYSE VOYA opened at $69.83 on Friday. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The stock has a market cap of $6.72 billion, a PE ratio of 11.12, a PEG ratio of 0.51 and a beta of 1.02. The firm has a 50-day simple moving average of $80.41 and a 200 day simple moving average of $75.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. On average, research analysts forecast that Voya Financial, Inc. will post 8.24 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio is 28.66%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group raised Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. cut Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Thursday, October 3rd. Evercore ISI lowered their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday. Royal Bank of Canada reduced their price objective on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.67.

Insider Transactions at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.37% of the stock is owned by insiders.

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.