Voya Financial, Inc. $VOYA Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 8.9% in the 2nd quarter, Holdings Channel reports. The fund owned 400,173 shares of the asset manager’s stock after selling 39,062 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Voya Financial were worth $36,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Four Tree Island Advisory LLC increased its stake in shares of Voya Financial by 0.5% in the 4th quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager’s stock worth $2,423,000 after acquiring an additional 174 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Voya Financial by 56.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock worth $46,000 after acquiring an additional 222 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Voya Financial

Here are the key news stories impacting Voya Financial this week:

• Positive Sentiment: JPMorgan raised its price target for Voya from $105 to $109 while maintaining a neutral rating, indicating additional potential upside from recent trading levels. Benzinga analyst action
• Positive Sentiment: Keefe, Bruyette & Woods increased its target from $109 to $110 and retained an outperform rating, reflecting confidence in Voya’s earnings trajectory and valuation. Benzinga analyst action
• Positive Sentiment: Voya extended its retirement-plan recordkeeping relationship with Baker Botts for more than 1,800 participants and over $900 million in plan assets. The renewal supports recurring fee revenue and demonstrates customer retention in its retirement business. Voya Financial extends retirement plan relationship
• Positive Sentiment: Dowling & Partners raised its 2027 EPS forecast to $11.25 from $10.95 and its 2028 forecast to $12.70 from $12.40, suggesting expectations for stronger longer-term earnings growth. MarketBeat analyst estimates
• Neutral Sentiment: Dowling & Partners slightly reduced its 2026 EPS forecast to $9.35 from $9.45, broadly in line with the $9.37 consensus estimate. The mixed revisions point to near-term caution but improving expectations beyond 2026. MarketBeat analyst estimates
• Negative Sentiment: Voya’s latest quarterly results missed expectations: EPS was $1.51 versus the $1.98 consensus, while revenue of $1.88 billion was slightly below the $1.90 billion estimate. Revenue declined 4.3% year over year, and EPS fell from $1.66 in the prior-year quarter. The earnings shortfall is the clearest reason for the current weakness. Voya Financial misses Q2 estimates

Insider Buying and Selling at Voya Financial

In other news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA opened at $98.20 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $103.85. The stock has a market cap of $8.90 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The firm has a fifty day moving average price of $94.83 and a 200 day moving average price of $81.48.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 earnings per share. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 9.36 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Wednesday, August 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is 31.70%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VOYA. JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group lifted their target price on shares of Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Atlantic Securities set a $79.00 target price on shares of Voya Financial in a report on Wednesday, July 15th. Barclays increased their price objective on Voya Financial from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Finally, TD Cowen raised their price objective on Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.54.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.