UMB Bank n.a. Sells 545 Shares of Voya Financial, Inc. $VOYA

UMB Bank n.a. lowered its holdings in Voya Financial, Inc. (NYSE:VOYA) by 37.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 900 shares of the asset manager’s stock after selling 545 shares during the period. UMB Bank n.a.’s holdings in Voya Financial were worth $64,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Voya Financial during the first quarter valued at about $47,000. Geneos Wealth Management Inc. boosted its stake in Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Voya Financial by 666.4% during the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 773 shares during the period. Blue Trust Inc. increased its stake in shares of Voya Financial by 36.9% during the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock worth $64,000 after purchasing an additional 256 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Voya Financial by 142.9% in the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager’s stock worth $91,000 after purchasing an additional 790 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VOYA. Morgan Stanley increased their price objective on Voya Financial from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Royal Bank Of Canada lifted their price objective on Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. boosted their price objective on Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their target price on shares of Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, UBS Group lifted their target price on shares of Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.70.

Voya Financial Stock Down 0.6%

VOYA stock opened at $75.15 on Friday. The stock has a 50-day simple moving average of $73.94 and a two-hundred day simple moving average of $68.57. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The firm has a market capitalization of $7.25 billion, a PE ratio of 15.03, a PEG ratio of 0.56 and a beta of 1.00. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.31. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 earnings per share. On average, equities analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Voya Financial’s dividend payout ratio is presently 36.00%.

Voya Financial Profile

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.