FJ Capital Management LLC Cuts Position in Voya Financial, Inc. $VOYA

FJ Capital Management LLC reduced its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 18.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,315 shares of the asset manager’s stock after selling 8,192 shares during the period. FJ Capital Management LLC’s holdings in Voya Financial were worth $2,631,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VOYA. Royal Bank of Canada increased its holdings in shares of Voya Financial by 21.7% in the first quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after purchasing an additional 15,091 shares during the period. 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 acquiring an additional 51,376 shares during the last quarter. Empowered Funds LLC increased its holdings in Voya Financial by 13.5% during the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after acquiring an additional 4,490 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Voya Financial by 1.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock worth $25,081,000 after acquiring an additional 6,127 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Voya Financial by 44.0% during the first 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 last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Up 0.5%

NYSE VOYA opened at $91.39 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $92.00. The business has a 50 day moving average price of $79.36 and a two-hundred day moving average price of $74.97. The stock has a market cap of $8.29 billion, a PE ratio of 13.80, a P/E/G ratio of 0.83 and a beta of 0.92.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 earnings per share. As a group, sell-side analysts predict that Voya Financial, Inc. will post 9.6 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 annualized dividend and a yield of 2.1%. Voya Financial’s payout ratio is currently 28.40%.

Insider Activity at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction on Monday, June 8th. The shares were sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the sale, the insider owned 2,887 shares in the company, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on VOYA. Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. TD Cowen began coverage on Voya Financial in a report on Monday, April 20th. They set a “buy” rating and a $100.00 price objective on the stock. Raymond James Financial raised Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a research report on Monday, June 8th. Royal Bank Of Canada upped their target price on Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company raised their price target on Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.73.

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.