Voya Financial, Inc. $VOYA Shares Acquired by Forum Financial Management LP

Forum Financial Management LP raised its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 9.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,055 shares of the asset manager’s stock after acquiring an additional 346 shares during the period. Forum Financial Management LP’s holdings in Voya Financial were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Greenleaf Trust increased its position in shares of Voya Financial by 3.1% during the first quarter. Greenleaf Trust now owns 6,301 shares of the asset manager’s stock valued at $427,000 after acquiring an additional 190 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Voya Financial by 0.9% during the first quarter. State of Michigan Retirement System now owns 23,016 shares of the asset manager’s stock valued at $1,560,000 after acquiring an additional 200 shares during the last quarter. Wealthspire Advisors LLC increased its position in shares of Voya Financial by 7.4% during the first quarter. Wealthspire Advisors LLC now owns 3,186 shares of the asset manager’s stock valued at $216,000 after acquiring an additional 219 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Voya Financial by 44.0% during 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. Finally, Ethic Inc. grew its holdings in shares of Voya Financial by 2.3% in the second quarter. Ethic Inc. now owns 10,098 shares of the asset manager’s stock valued at $714,000 after purchasing an additional 223 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Up 0.6%

Shares of Voya Financial stock opened at $73.53 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 50 day moving average of $75.13 and a 200 day moving average of $69.94. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $7.09 billion, a P/E ratio of 14.71, a P/E/G ratio of 0.53 and a beta of 0.98.

Voya Financial (NYSE:VOYA) last issued 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. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, research analysts forecast 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 was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were paid a $0.45 dividend. The ex-dividend date was Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. Voya Financial’s payout ratio is currently 36.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VOYA shares. Royal Bank Of Canada lifted their price objective 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. 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 report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a report on Friday. JPMorgan Chase & Co. lifted their price objective 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, Evercore ISI lifted their price objective on shares of Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

About Voya Financial

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.