Janney Montgomery Scott LLC Sells 36,514 Shares of Voya Financial, Inc. $VOYA

Janney Montgomery Scott LLC reduced its position in Voya Financial, Inc. (NYSE:VOYA) by 60.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 23,515 shares of the asset manager’s stock after selling 36,514 shares during the period. Janney Montgomery Scott LLC’s holdings in Voya Financial were worth $1,607,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VOYA. Hudson Bay Capital Management LP increased its position in shares of Voya Financial by 21.1% in the third quarter. Hudson Bay Capital Management LP now owns 151,462 shares of the asset manager’s stock valued at $11,329,000 after acquiring an additional 26,346 shares during the last quarter. Cadence Bank grew its stake in Voya Financial by 59.9% in the third quarter. Cadence Bank now owns 49,299 shares of the asset manager’s stock valued at $3,688,000 after purchasing an additional 18,462 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Voya Financial by 11.4% during the 4th quarter. Impax Asset Management Group plc now owns 203,101 shares of the asset manager’s stock worth $15,129,000 after purchasing an additional 20,722 shares during the last quarter. Prana Capital Management LP acquired a new position in shares of Voya Financial during the 3rd quarter worth approximately $2,454,000. Finally, Ruffer LLP bought a new stake in shares of Voya Financial during the 4th quarter worth approximately $3,153,000. Institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

VOYA has been the subject of several recent analyst reports. Bank of America cut their price objective on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Morgan Stanley upped their price target on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Royal Bank Of Canada increased their price target on shares of Voya Financial from $91.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. TD Cowen lifted their price objective on shares of Voya Financial from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and a consensus target price of $96.92.

Voya Financial Trading Up 1.1%

VOYA stock opened at $97.61 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The company has a fifty day moving average price of $86.94 and a two-hundred day moving average price of $77.86. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $98.87. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.24. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 earnings per share. Equities analysts anticipate that Voya Financial, Inc. will post 9.64 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, May 26th were paid a $0.47 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 1.9%. Voya Financial’s dividend payout ratio is 28.40%.

Insiders Place Their Bets

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider directly owned 2,887 shares of the company’s stock, valued at $259,830. This represents a 58.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.

Voya Financial Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.