Fiduciary Trust Co Sells 1,013 Shares of Voya Financial, Inc. (NYSE:VOYA)

Fiduciary Trust Co trimmed its stake in Voya Financial, Inc. (NYSE:VOYA) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,361 shares of the asset manager’s stock after selling 1,013 shares during the quarter. Fiduciary Trust Co’s holdings in Voya Financial were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Voya Financial during the third quarter worth $29,000. UMB Bank n.a. increased its stake in shares of Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the last quarter. Quarry LP bought a new stake in shares of Voya Financial in the 2nd quarter valued at about $61,000. Blue Trust Inc. lifted its stake in Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Voya Financial during the third quarter worth approximately $79,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Insider Activity at Voya Financial

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VOYA shares. Bank of America raised their price objective on Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Sandler lifted their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada lifted their target price on shares of Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target on the stock. in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Voya Financial Stock Up 0.1 %

NYSE VOYA opened at $83.00 on Friday. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $80.65 and a 200-day moving average of $74.81.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.07 EPS. On average, equities research analysts expect that Voya Financial, Inc. will post 8.4 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.17%. Voya Financial’s dividend payout ratio is currently 28.66%.

About Voya Financial

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.