Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 24.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 447 shares of the asset manager’s stock after selling 144 shares during the quarter. Venturi Wealth Management LLC’s holdings in Voya Financial were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of VOYA. Arjuna Capital raised its stake in Voya Financial by 0.8% during the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after acquiring an additional 161 shares in the last quarter. US Bancorp DE grew its holdings in shares of Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after purchasing an additional 202 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after purchasing an additional 210 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Voya Financial by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA opened at $81.42 on Friday. 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 moving average is $79.32 and its two-hundred day moving average is $74.14. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The firm has a market capitalization of $7.83 billion, a PE ratio of 12.96, a P/E/G ratio of 0.58 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The firm 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 earnings per share. Research analysts anticipate that Voya Financial, Inc. will post 8.2 earnings per share for the current year.

Voya Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on VOYA. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Wells Fargo & Company lifted their target price on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler upped their price target on shares of Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Citigroup raised their price objective on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Insider Activity

In related news, insider Tony D. Oh sold 715 shares of the company’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 at this link. Insiders own 1.37% of the company’s stock.

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.