Abich Financial Wealth Management LLC Purchases Shares of 1,104 Voya Financial, Inc. (NYSE:VOYA)

Abich Financial Wealth Management LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,104 shares of the asset manager’s stock, valued at approximately $87,000.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Voya Financial in the 3rd quarter worth $29,000. UMB Bank n.a. grew its position in shares of Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares during the period. FinTrust Capital Advisors LLC bought a new position in Voya Financial during the 1st quarter worth approximately $43,000. Quarry LP bought a new stake in Voya Financial in the second quarter valued at approximately $61,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after buying an additional 822 shares during the period. Institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VOYA shares. Wells Fargo & Company lifted their price objective on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Royal Bank of Canada increased their price objective on shares of Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a report on Thursday, October 3rd. Bank of America boosted their price target on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Citigroup increased their price target on shares of Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.27.

Voya Financial Trading Up 0.0 %

Voya Financial stock traded up $0.03 during mid-day trading on Tuesday, hitting $80.69. 65,538 shares of the stock were exchanged, compared to its average volume of 809,027. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $83.93. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $76.07 and its two-hundred day simple moving average is $72.98. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.56 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. Analysts forecast that Voya Financial, Inc. will post 8.28 EPS for the current year.

Voya Financial 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.