Ritholtz Wealth Management Has $267,000 Stock Position in Voya Financial, Inc. $VOYA

Ritholtz Wealth Management trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 58.8% in the second quarter, Holdings Channel.com reports. The firm owned 3,761 shares of the asset manager’s stock after selling 5,368 shares during the period. Ritholtz Wealth Management’s holdings in Voya Financial were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Greenleaf Trust increased its position in Voya Financial by 3.1% in the first quarter. Greenleaf Trust now owns 6,301 shares of the asset manager’s stock worth $427,000 after purchasing an additional 190 shares during the period. State of Michigan Retirement System increased its position in Voya Financial by 0.9% in the first quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager’s stock worth $1,560,000 after purchasing an additional 200 shares during the period. Wealthspire Advisors LLC increased its position in Voya Financial by 7.4% in the first quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager’s stock worth $216,000 after purchasing an additional 219 shares during the period. Geneos Wealth Management Inc. increased its position in Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Voya Financial by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 32,078 shares of the asset manager’s stock worth $2,278,000 after purchasing an additional 227 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group lifted their price objective on Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their target price on Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Wells Fargo & Company boosted their target price on Voya Financial from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on Voya Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.00.

Voya Financial Trading Up 1.0%

NYSE:VOYA opened at $74.55 on Wednesday. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $7.19 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98. The business’s 50-day simple moving average is $75.21 and its 200-day simple moving average is $69.49.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $2.18 EPS. Voya Financial’s revenue for the quarter was down 2.6% on a year-over-year basis. Sell-side analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th were paid a $0.45 dividend. The ex-dividend date was Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.4%. Voya Financial’s payout ratio is presently 36.00%.

About Voya Financial

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.