Voya Financial, Inc. $VOYA Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its holdings in Voya Financial, Inc. (NYSE:VOYA) by 8.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 400,173 shares of the asset manager’s stock after selling 39,062 shares during the quarter. Wedge Capital Management L L P NC owned about 0.44% of Voya Financial worth $36,228,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Verdad Advisers LP acquired a new position in shares of Voya Financial during the fourth quarter valued at about $148,980,000. Norges Bank acquired a new position in Voya Financial during the 4th quarter valued at approximately $83,106,000. Millennium Management LLC raised its holdings in shares of Voya Financial by 135.7% in the third quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock worth $81,139,000 after buying an additional 624,436 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Voya Financial by 63.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock worth $107,101,000 after buying an additional 553,675 shares during the period. Finally, Wellington Management Group LLP raised its stake in Voya Financial by 11.6% in the 3rd quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock worth $318,800,000 after acquiring an additional 444,059 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial News Roundup

Here are the key news stories impacting Voya Financial this week:

• Positive Sentiment: JPMorgan raised its price target for Voya from $105 to $109 while maintaining a neutral rating, indicating additional potential upside from recent trading levels. Benzinga analyst action
• Positive Sentiment: Keefe, Bruyette & Woods increased its target from $109 to $110 and retained an outperform rating, reflecting confidence in Voya’s earnings trajectory and valuation. Benzinga analyst action
• Positive Sentiment: Voya extended its retirement-plan recordkeeping relationship with Baker Botts for more than 1,800 participants and over $900 million in plan assets. The renewal supports recurring fee revenue and demonstrates customer retention in its retirement business. Voya Financial extends retirement plan relationship
• Positive Sentiment: Dowling & Partners raised its 2027 EPS forecast to $11.25 from $10.95 and its 2028 forecast to $12.70 from $12.40, suggesting expectations for stronger longer-term earnings growth. MarketBeat analyst estimates
• Neutral Sentiment: Dowling & Partners slightly reduced its 2026 EPS forecast to $9.35 from $9.45, broadly in line with the $9.37 consensus estimate. The mixed revisions point to near-term caution but improving expectations beyond 2026. MarketBeat analyst estimates
• Negative Sentiment: Voya’s latest quarterly results missed expectations: EPS was $1.51 versus the $1.98 consensus, while revenue of $1.88 billion was slightly below the $1.90 billion estimate. Revenue declined 4.3% year over year, and EPS fell from $1.66 in the prior-year quarter. The earnings shortfall is the clearest reason for the current weakness. Voya Financial misses Q2 estimates

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. TD Cowen raised their price objective on Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley lifted their target price on Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating and issued a $111.00 target price on shares of Voya Financial in a research report on Friday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Voya Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.54.

Insider Buying and Selling

In other news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider owned 2,887 shares of the company’s stock, valued at $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.57% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA stock opened at $98.20 on Wednesday. The stock has a market cap of $8.90 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The business has a 50-day simple moving average of $94.83 and a 200-day simple moving average of $81.48. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $103.85.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. On average, equities analysts expect that Voya Financial, Inc. will post 9.36 EPS for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio is currently 31.70%.

Voya Financial 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.