Voya Financial, Inc. $VOYA Stock Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 72,637.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,819 shares of the asset manager’s stock after acquiring an additional 5,811 shares during the period. Provenance Wealth Advisors LLC’s holdings in Voya Financial were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in VOYA. TD Waterhouse Canada Inc. lifted its stake in shares of Voya Financial by 4.6% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,731 shares of the asset manager’s stock valued at $261,000 after purchasing an additional 120 shares during the last quarter. Signaturefd LLC increased its holdings in Voya Financial by 5.6% during the 3rd quarter. Signaturefd LLC now owns 2,351 shares of the asset manager’s stock worth $222,000 after purchasing an additional 124 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Voya Financial by 8.4% during the third quarter. Farther Finance Advisors LLC now owns 1,863 shares of the asset manager’s stock valued at $176,000 after buying an additional 144 shares during the period. Versant Capital Management Inc increased its position in Voya Financial by 29.6% during the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock valued at $66,000 after purchasing an additional 159 shares during the period. Finally, Greenleaf Trust raised its stake in Voya Financial by 4.8% in the second quarter. Greenleaf Trust now owns 3,857 shares of the asset manager’s stock worth $349,000 after buying an additional 176 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley boosted their target price on shares of Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Jefferies Financial Group raised their price objective on Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. UBS Group boosted their target price on shares of Voya Financial from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Keefe, Bruyette & Woods lowered Voya Financial from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $110.00 to $108.00 in a research note on Friday, October 9th. Finally, Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.69.

Insider Activity

In other news, insider Trevor Ogle sold 2,093 shares of Voya Financial stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $95.81, for a total transaction of $200,530.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by corporate insiders.

Voya Financial Price Performance

Voya Financial stock opened at $98.34 on Friday. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.05 and a beta of 0.85. The company has a quick ratio of 0.27, a current ratio of 0.35 and a debt-to-equity ratio of 0.61. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $105.68. The company has a fifty day simple moving average of $98.64 and a 200-day simple moving average of $86.69.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 2nd. The asset manager reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Voya Financial had a net margin of 7.75% and a return on equity of 12.67%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $2.45 EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts anticipate that Voya Financial, Inc. will post 9.16 EPS for the current fiscal year.

Voya Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, November 24th will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 24th. This is an increase from Voya Financial’s previous quarterly dividend of $0.47. This represents a $2.28 annualized dividend and a yield of 2.3%. Voya Financial’s dividend payout ratio (DPR) is 30.23%.

Voya Financial Company 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.