Creative Planning Sells 569 Shares of Voya Financial, Inc. (NYSE:VOYA)

Creative Planning decreased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,647 shares of the asset manager’s stock after selling 569 shares during the quarter. Creative Planning’s holdings in Voya Financial were worth $527,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hohimer Wealth Management LLC increased its holdings in shares of Voya Financial by 1.7% during the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock worth $625,000 after purchasing an additional 140 shares during the period. Arjuna Capital increased its stake in Voya Financial by 0.8% in the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock valued at $1,401,000 after acquiring an additional 161 shares during the period. UMB Bank n.a. increased its stake in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares during the period. Blair William & Co. IL increased its stake in Voya Financial by 5.3% in the first quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager’s stock valued at $398,000 after acquiring an additional 272 shares during the period. Finally, Catalyst Financial Partners LLC increased its stake in Voya Financial by 10.6% in the second quarter. Catalyst Financial Partners LLC now owns 3,729 shares of the asset manager’s stock valued at $265,000 after acquiring an additional 358 shares during the period. Institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of Voya Financial from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their target price on shares of Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Evercore ISI upped their target price on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Barclays boosted their price target on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada boosted their price target on shares of Voya Financial from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.27.

Voya Financial Price Performance

Shares of VOYA stock opened at $74.98 on Wednesday. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $83.93. The firm’s 50 day moving average is $77.30 and its 200-day moving average is $73.42. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.56 and a beta of 1.03. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $2.07 earnings per share. Voya Financial’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Voya Financial, Inc. will post 8.28 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.40%. Voya Financial’s dividend payout ratio is currently 23.72%.

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.