18,066 Voya Financial, Inc. $VOYA Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,472 shares of the asset manager’s stock after selling 18,066 shares during the quarter. Voya Financial makes up about 1.3% of Leeward Investments LLC MA’s portfolio, making the stock its 12th biggest holding. Leeward Investments LLC MA owned approximately 0.29% of Voya Financial worth $25,082,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in Voya Financial by 5.6% during the third quarter. Signaturefd LLC now owns 2,351 shares of the asset manager’s stock worth $222,000 after acquiring an additional 124 shares during the last quarter. Sterling Capital Management LLC raised its holdings in Voya Financial by 84.6% in the 3rd quarter. Sterling Capital Management LLC now owns 5,122 shares of the asset manager’s stock valued at $484,000 after acquiring an additional 2,347 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Voya Financial in the 3rd quarter valued at about $70,000. Vest Financial LLC lifted its stake in Voya Financial by 41.1% in the 3rd quarter. Vest Financial LLC now owns 73,163 shares of the asset manager’s stock worth $6,912,000 after purchasing an additional 21,310 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Voya Financial by 21.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,400 shares of the asset manager’s stock worth $227,000 after purchasing an additional 427 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

VOYA has been the topic of several recent research reports. Morgan Stanley boosted their target price on Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. JPMorgan Chase & Co. dropped their target price on Voya Financial from $109.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Royal Bank Of Canada upped their target price on Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Atlantic Securities set a $79.00 target price on Voya Financial in a research note on Wednesday, July 15th. Finally, Evercore reiterated an “outperform” rating and set a $111.00 price target on shares of Voya Financial in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $103.69.

Voya Financial Stock Performance

Voya Financial stock opened at $95.79 on Monday. The firm has a 50 day simple moving average of $98.79 and a 200-day simple moving average of $91.88. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $105.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.97 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the firm posted $1.66 EPS. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, analysts expect that Voya Financial, Inc. will post 9.17 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.88 annualized dividend and a yield of 2.0%. Voya Financial’s dividend payout ratio (DPR) is 31.70%.

Voya Financial Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.