Ferguson Wellman Capital Management Inc. Has $953,000 Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Ferguson Wellman Capital Management Inc. lessened its holdings in Voya Financial, Inc. (NYSE:VOYA) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,029 shares of the asset manager’s stock after selling 3,401 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Voya Financial were worth $953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hohimer Wealth Management LLC raised its position in Voya Financial by 1.7% in the first quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock valued at $625,000 after purchasing an additional 140 shares during the last quarter. Arjuna Capital boosted its position in Voya Financial by 0.8% during the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after buying an additional 161 shares during the period. UMB Bank n.a. grew its holdings in 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 acquiring an additional 239 shares during the last quarter. Blair William & Co. IL increased its position in Voya Financial by 5.3% in the 1st quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager’s stock valued at $398,000 after acquiring an additional 272 shares during the period. Finally, State of Michigan Retirement System raised its stake in shares of Voya Financial by 1.2% during the first quarter. State of Michigan Retirement System now owns 25,316 shares of the asset manager’s stock valued at $1,871,000 after acquiring an additional 300 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Down 0.4 %

NYSE VOYA opened at $83.54 on Friday. The firm has a market cap of $8.41 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $83.93. The stock has a 50-day moving average of $74.31 and a 200-day moving average of $72.52. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.13. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $2.31 EPS. As a group, sell-side analysts forecast that Voya Financial, Inc. will post 8.31 EPS for the current year.

Voya Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, August 27th were given a dividend of $0.45 per share. This is a boost from Voya Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Tuesday, August 27th. Voya Financial’s dividend payout ratio (DPR) is 25.57%.

Analyst Ratings Changes

VOYA has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Royal Bank of Canada increased their price target on Voya Financial from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. Jefferies Financial Group lifted their price objective on Voya Financial from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. downgraded shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Thursday, October 3rd. Finally, Citigroup boosted their price target on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.27.

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.