Ferguson Wellman Capital Management Inc. Decreases Position in Voya Financial, Inc. (NYSE:VOYA)

Ferguson Wellman Capital Management Inc. decreased its stake in Voya Financial, Inc. (NYSE:VOYA) by 20.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,200 shares of the asset manager’s stock after selling 3,230 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Voya Financial were worth $966,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of VOYA. Allspring Global Investments Holdings LLC boosted its position in shares of Voya Financial by 6,850.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after buying an additional 822 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Voya Financial by 21.0% in the first quarter. BNP Paribas Financial Markets now owns 8,659 shares of the asset manager’s stock worth $640,000 after buying an additional 1,504 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Voya Financial in the first quarter worth about $99,000. Russell Investments Group Ltd. boosted its position in shares of Voya Financial by 26.0% in the first quarter. Russell Investments Group Ltd. now owns 143,157 shares of the asset manager’s stock worth $10,582,000 after buying an additional 29,535 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Voya Financial by 6.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 132,106 shares of the asset manager’s stock worth $9,440,000 after buying an additional 7,491 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Insider Buying and Selling

In related news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.37% of the company’s stock.

Voya Financial Trading Down 0.9 %

Shares of NYSE VOYA opened at $81.35 on Friday. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a 12-month low of $63.11 and a 12-month high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock’s 50 day simple moving average is $79.09 and its 200 day simple moving average is $74.05.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. Equities research analysts expect that Voya Financial, Inc. will post 8.2 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler boosted their price target on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Raymond James cut Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Jefferies Financial Group boosted their price target on Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. 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 note on Thursday, October 10th. Finally, Morgan Stanley cut their price target on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Voya Financial Company 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.