Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC lowered its stake in Voya Financial, Inc. (NYSE:VOYA) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,875 shares of the asset manager’s stock after selling 13,744 shares during the quarter. Easterly Investment Partners LLC owned about 0.09% of Voya Financial worth $6,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Voya Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after acquiring an additional 644,216 shares in the last quarter. Boston Partners raised its position in Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after acquiring an additional 1,151,822 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Voya Financial by 1,020.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock worth $175,057,000 after acquiring an additional 2,156,773 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock worth $146,234,000 after acquiring an additional 248,795 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after acquiring an additional 148,810 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VOYA has been the topic of several recent analyst reports. Bank of America boosted their price objective on Voya Financial from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Piper Sandler boosted their price objective on Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays boosted their price objective on Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Evercore ISI boosted their price objective on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and an average price target of $85.55.

Voya Financial Stock Up 0.6 %

Shares of VOYA traded up $0.48 during trading hours on Friday, reaching $81.73. The company’s stock had a trading volume of 103,828 shares, compared to its average volume of 819,576. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 0.59 and a beta of 1.03. The company has a 50 day moving average of $77.94 and a two-hundred day moving average of $73.58. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $83.93. The company has a quick ratio of 0.30, a current ratio of 0.41 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 EPS. As a group, research analysts predict that Voya Financial, Inc. will post 8.27 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.20%. Voya Financial’s payout ratio is 28.66%.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by company insiders.

Voya Financial Company Profile

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.