Ferguson Wellman Capital Management Inc. Decreases Position in Voya Financial, Inc. (NYSE:VOYA)

Ferguson Wellman Capital Management Inc. decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 22.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,029 shares of the asset manager’s stock after selling 3,401 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Voya Financial were worth $953,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VOYA. V Square Quantitative Management LLC purchased a new stake in Voya Financial during the 3rd quarter worth approximately $29,000. UMB Bank n.a. lifted its holdings in Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after acquiring an additional 239 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in Voya Financial in the first quarter valued at approximately $43,000. Quarry LP bought a new position in shares of Voya Financial during the second quarter valued at approximately $61,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 822 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Down 0.4 %

NYSE VOYA opened at $83.54 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $74.31 and its two-hundred day moving average is $72.52. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $83.93. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 0.57 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $2.31 EPS. Equities analysts forecast that Voya Financial, Inc. will post 8.31 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.45 per share. This is an increase from Voya Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. Voya Financial’s dividend payout ratio is currently 25.57%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Evercore ISI upped their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Bank of America raised their price target on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group raised their target price on Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.27.

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.