Rhumbline Advisers Has $18.42 Million Stock Holdings in Voya Financial, Inc. $VOYA

by · The Markets Daily

Rhumbline Advisers lowered its holdings in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 2.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 259,390 shares of the asset manager’s stock after selling 6,726 shares during the period. Rhumbline Advisers’ holdings in Voya Financial were worth $18,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. IFP Advisors Inc grew its stake in shares of Voya Financial by 225.6% in the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock worth $31,000 after acquiring an additional 300 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Voya Financial by 149.2% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 288 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Voya Financial in the 1st quarter worth $47,000. Geneos Wealth Management Inc. grew its position in Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after purchasing an additional 223 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Voya Financial by 205.7% during the 1st quarter. Quarry LP now owns 1,651 shares of the asset manager’s stock worth $112,000 after purchasing an additional 1,111 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VOYA shares. Morgan Stanley lifted their target price on Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI lifted their price objective on Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Royal Bank Of Canada cut their target price on Voya Financial from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Wells Fargo & Company decreased their price target on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Voya Financial in a report on Tuesday. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Voya Financial has an average rating of “Hold” and a consensus price target of $84.30.

Read Our Latest Analysis on Voya Financial

Voya Financial Stock Performance

Shares of NYSE:VOYA opened at $70.30 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. The business’s fifty day moving average price is $72.92 and its two-hundred day moving average price is $71.88. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $83.58. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.51 and a beta of 0.99.

Voya Financial (NYSE:VOYA – Get Free Report) last issued its earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company earned $2.12 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from Voya Financial’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a dividend yield of 2.7%. Voya Financial’s dividend payout ratio (DPR) is 32.30%.

Voya Financial Profile

(Free Report)

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.

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