OneDigital Investment Advisors LLC Buys New Holdings in Voya Financial, Inc. $VOYA

OneDigital Investment Advisors LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,278 shares of the asset manager’s stock, valued at approximately $840,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Voya Financial during the 2nd quarter valued at $133,000. Bank of New York Mellon Corp bought a new stake in shares of Voya Financial in the 2nd quarter worth $520,280,000. State of Wyoming purchased a new stake in shares of Voya Financial in the second quarter valued at about $243,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Voya Financial in the second quarter valued at about $2,045,000. Finally, Hardy Reed LLC bought a new position in shares of Voya Financial during the second quarter valued at about $222,000. Institutional investors own 96.10% of the company’s stock.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider directly owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by company insiders.

Voya Financial Stock Performance

Shares of Voya Financial stock opened at $100.22 on Wednesday. The company has a market capitalization of $9.08 billion, a PE ratio of 16.90, a P/E/G ratio of 0.97 and a beta of 0.89. The company has a 50-day simple moving average of $96.29 and a two-hundred day simple moving average of $82.34. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $103.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. Research analysts expect that Voya Financial, Inc. will post 9.27 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be paid 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 (DPR) is 31.70%.

Wall Street Analyst Weigh In

Several equities analysts have commented on VOYA shares. UBS Group lifted their target price on shares of Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada increased their price target on Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a report on Monday, June 8th. Wells Fargo & Company boosted their price objective on Voya Financial from $89.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Evercore restated an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $102.54.

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.