17,463 Shares of Voya Financial, Inc. $VOYA Purchased by Virtue Capital Management LLC

Virtue Capital Management LLC bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the third quarter, Holdings Channel reports. The fund bought 17,463 shares of the asset manager’s stock, valued at approximately $1,650,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VOYA. TD Waterhouse Canada Inc. grew its position in Voya Financial by 4.6% during the third quarter. TD Waterhouse Canada Inc. now owns 2,731 shares of the asset manager’s stock valued at $261,000 after buying an additional 120 shares during the period. Signaturefd LLC lifted its position in shares of Voya Financial by 5.6% during the 3rd quarter. Signaturefd LLC now owns 2,351 shares of the asset manager’s stock valued at $222,000 after buying an additional 124 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Voya Financial by 8.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,863 shares of the asset manager’s stock valued at $176,000 after buying an additional 144 shares in the last quarter. Versant Capital Management Inc grew its stake in Voya Financial by 29.6% in the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock valued at $66,000 after acquiring an additional 159 shares during the period. Finally, Greenleaf Trust grew its stake in Voya Financial by 4.8% in the 2nd quarter. Greenleaf Trust now owns 3,857 shares of the asset manager’s stock valued at $349,000 after acquiring an additional 176 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Up 0.1%

Shares of NYSE VOYA opened at $98.18 on Monday. The stock has a market cap of $8.89 billion, a PE ratio of 16.56, a P/E/G ratio of 0.99 and a beta of 0.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $105.64. The company has a 50-day moving average of $98.52 and a 200 day moving average of $86.20.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.66 EPS. As a group, sell-side analysts predict that Voya Financial, Inc. will post 9.17 EPS for the current fiscal year.

Voya Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, November 24th will be issued a dividend of $0.57 per share. This is a positive change from Voya Financial’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, November 24th. This represents a $2.28 dividend on an annualized basis and a yield of 2.3%. Voya Financial’s dividend payout ratio (DPR) is 38.45%.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 2,093 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $95.81, for a total transaction of $200,530.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on VOYA shares. Royal Bank Of Canada lifted their target price on shares of Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Evercore restated an “outperform” rating and set a $111.00 price target on shares of Voya Financial in a research report on Friday, August 7th. JPMorgan Chase & Co. decreased their price target on shares of Voya Financial from $109.00 to $105.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. Finally, Jefferies Financial Group boosted their price objective on Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.69.

Voya Financial Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.