Skandinaviska Enskilda Banken AB publ reduced its holdings in Voya Financial, Inc. (NYSE:VOYA – Get Rating) by 24.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,802 shares of the asset manager’s stock after selling 2,202 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Voya Financial were worth $412,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Parkside Financial Bank & Trust increased its stake in Voya Financial by 284.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 457 shares of the asset manager’s stock worth $28,000 after purchasing an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Voya Financial during the 1st quarter worth approximately $36,000. Guardian Wealth Advisors LLC bought a new stake in Voya Financial during the 3rd quarter worth approximately $36,000. SeaCrest Wealth Management LLC bought a new stake in Voya Financial during the 2nd quarter worth approximately $36,000. Finally, Ellevest Inc. increased its stake in Voya Financial by 56.5% during the 3rd quarter. Ellevest Inc. now owns 753 shares of the asset manager’s stock worth $46,000 after purchasing an additional 272 shares in the last quarter.
Analyst Ratings Changes
VOYA has been the subject of several research reports. Jefferies Financial Group raised their price target on shares of Voya Financial from $74.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday. Wells Fargo & Company raised their price target on shares of Voya Financial from $88.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, February 13th. Truist Financial raised their price target on shares of Voya Financial from $70.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, February 9th. Citigroup decreased their price target on shares of Voya Financial from $83.00 to $82.00 in a research note on Wednesday, November 16th. Finally, StockNews.com raised shares of Voya Financial from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.17.
Insiders Place Their Bets
Voya Financial Trading Down 0.3 %
NYSE VOYA opened at $73.59 on Friday. The stock has a 50 day moving average of $68.16 and a 200-day moving average of $65.23. Voya Financial, Inc. has a 12 month low of $56.20 and a 12 month high of $78.11. The company has a market cap of $7.15 billion, a PE ratio of 16.73, a PEG ratio of 0.64 and a beta of 1.17. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.57.
Voya Financial (NYSE:VOYA – Get Rating) last announced its quarterly earnings results on Tuesday, February 7th. The asset manager reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.65. Voya Financial had a return on equity of 13.09% and a net margin of 9.37%. The business had revenue of $880.00 million during the quarter, compared to the consensus estimate of $259.86 million. During the same quarter last year, the firm posted $1.90 EPS. On average, equities research analysts anticipate that Voya Financial, Inc. will post 8.06 EPS for the current fiscal year.
Voya Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Friday, February 24th will be given a dividend of $0.20 per share. This is a boost from Voya Financial’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, February 23rd. This represents a $0.80 annualized dividend and a yield of 1.09%. Voya Financial’s dividend payout ratio (DPR) is presently 18.18%.
Voya Financial Profile
Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.
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