EP Wealth Advisors LLC Takes Position in Voya Financial, Inc. $VOYA

EP Wealth Advisors LLC acquired a new position in Voya Financial, Inc. (NYSE:VOYA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,764 shares of the asset manager’s stock, valued at approximately $612,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Voya Financial in the 2nd quarter valued at $850,187,000. Bank of New York Mellon Corp bought a new position in shares of Voya Financial during the 2nd quarter worth about $520,280,000. Pzena Investment Management LLC bought a new position in shares of Voya Financial during the 2nd quarter worth about $319,539,000. Verdad Advisers LP acquired a new position in shares of Voya Financial during the fourth quarter valued at about $148,980,000. Finally, Norges Bank bought a new stake in shares of Voya Financial in the fourth quarter valued at about $83,106,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 1.3%

Shares of NYSE VOYA opened at $99.07 on Tuesday. The stock has a market cap of $8.98 billion, a PE ratio of 16.71, a PEG ratio of 0.94 and a beta of 0.89. The business has a fifty day moving average of $96.89 and a two-hundred day moving average of $82.95. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $103.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its 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 during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the firm posted $1.66 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities research analysts expect that Voya Financial, Inc. will post 9.27 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. Voya Financial’s payout ratio is 31.70%.

Insider Activity

In other news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was 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. The trade was a 58.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VOYA shares. TD Cowen lifted their target price on Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. UBS Group upped their price target on Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 10th. Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a research report on Monday, June 8th. Morgan Stanley lifted their price objective on Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Atlantic Securities set a $79.00 target price on Voya Financial in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.85.

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.