Janney Montgomery Scott LLC Sells 20,241 Shares of Voya Financial Inc (VOYA)

Janney Montgomery Scott LLC trimmed its stake in Voya Financial Inc (NYSE:VOYA) by 42.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,501 shares of the asset manager’s stock after selling 20,241 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Voya Financial were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC raised its stake in shares of Voya Financial by 87.9% in the third quarter. Highbridge Capital Management LLC now owns 410,500 shares of the asset manager’s stock worth $16,375,000 after purchasing an additional 191,975 shares during the last quarter. Crestline Management LP purchased a new stake in Voya Financial during the third quarter valued at $5,573,000. Janus Henderson Group PLC increased its position in Voya Financial by 34.6% during the third quarter. Janus Henderson Group PLC now owns 58,666 shares of the asset manager’s stock valued at $2,340,000 after acquiring an additional 15,076 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Voya Financial by 956.5% during the third quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock valued at $14,744,000 after acquiring an additional 334,624 shares during the last quarter. Finally, Partners Capital Investment Group Holdings LLC purchased a new stake in Voya Financial during the third quarter valued at $646,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on VOYA shares. BidaskClub upgraded Voya Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Evercore ISI upgraded Voya Financial to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, December 27th. Royal Bank of Canada reiterated a “buy” rating and set a $55.00 price objective on shares of Voya Financial in a research report on Friday, December 22nd. Wells Fargo & Co restated a “buy” rating and issued a $58.00 price target on shares of Voya Financial in a research report on Friday, December 22nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $55.00 price target on shares of Voya Financial in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Voya Financial has an average rating of “Buy” and a consensus target price of $52.18.

Voya Financial Inc (NYSE:VOYA) traded up $0.66 during trading hours on Friday, hitting $54.16. The stock had a trading volume of 3,140,000 shares, compared to its average volume of 2,150,000. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. Voya Financial Inc has a 1-year low of $33.53 and a 1-year high of $54.63. The company has a market cap of $9,740.00, a price-to-earnings ratio of -30.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same quarter in the previous year, the company posted ($1.24) earnings per share. analysts expect that Voya Financial Inc will post 2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.07%. Voya Financial’s payout ratio is currently -2.25%.

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About Voya Financial

Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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