Cascade Investment Advisors Inc. Raises Position in Voya Financial, Inc. $VOYA

Cascade Investment Advisors Inc. lifted its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,100 shares of the asset manager’s stock after purchasing an additional 475 shares during the period. Voya Financial accounts for 1.2% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Cascade Investment Advisors Inc.’s holdings in Voya Financial were worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Voya Financial by 23.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock worth $384,849,000 after purchasing an additional 1,095,190 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Voya Financial by 5.4% during the 1st quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager’s stock worth $373,505,000 after purchasing an additional 280,316 shares during the last quarter. Pzena Investment Management LLC grew its stake in Voya Financial by 1.7% in the 2nd quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager’s stock valued at $259,949,000 after buying an additional 62,093 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Voya Financial by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,369,510 shares of the asset manager’s stock valued at $160,552,000 after buying an additional 163,211 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Voya Financial by 8.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after buying an additional 51,376 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VOYA. Wells Fargo & Company lifted their price objective on shares of Voya Financial from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Voya Financial from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Barclays raised their price target on shares of Voya Financial from $81.00 to $83.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada raised their price target on shares of Voya Financial from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Voya Financial Stock Performance

NYSE VOYA opened at $72.66 on Monday. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $7.01 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.54 and a beta of 0.98. The company has a fifty day moving average of $74.76 and a 200-day moving average of $69.09.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data 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 company had revenue of $1.98 billion during 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 firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.18 EPS. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is presently 36.00%.

Voya Financial Company 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.