Impact Partnership Wealth LLC Purchases Shares of 6,523 Voya Financial, Inc. (NYSE:VOYA)

Impact Partnership Wealth LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,523 shares of the asset manager’s stock, valued at approximately $517,000.

Several other institutional investors also recently modified their holdings of VOYA. FORA Capital LLC increased its position in Voya Financial by 94.1% during the 1st quarter. FORA Capital LLC now owns 28,175 shares of the asset manager’s stock valued at $2,083,000 after purchasing an additional 13,662 shares during the period. Empowered Funds LLC raised its stake in Voya Financial by 149.4% during the first quarter. Empowered Funds LLC now owns 25,399 shares of the asset manager’s stock worth $1,877,000 after buying an additional 15,216 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in Voya Financial by 348.4% during the first quarter. Capstone Investment Advisors LLC now owns 17,993 shares of the asset manager’s stock worth $1,330,000 after buying an additional 13,980 shares during the last quarter. M&G Plc lifted its holdings in Voya Financial by 18.6% in the second quarter. M&G Plc now owns 117,706 shares of the asset manager’s stock valued at $8,357,000 after buying an additional 18,471 shares during the period. Finally, Entropy Technologies LP boosted its position in Voya Financial by 62.3% during the first quarter. Entropy Technologies LP now owns 26,997 shares of the asset manager’s stock valued at $1,996,000 after acquiring an additional 10,360 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 0.6 %

Shares of VOYA traded up $0.48 on Thursday, reaching $82.06. The company’s stock had a trading volume of 18,394 shares, compared to its average volume of 808,147. Voya Financial, Inc. has a twelve month low of $63.02 and a twelve month high of $83.93. The stock has a market capitalization of $8.07 billion, a PE ratio of 10.75, a PEG ratio of 0.57 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. The firm has a fifty day moving average of $75.29 and a 200-day moving average of $72.75.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Evercore ISI increased their price target on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Royal Bank of Canada raised their price objective on shares of Voya Financial from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Jefferies Financial Group boosted their target price on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target for the company. in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus target price 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.