Sanctuary Advisors LLC Acquires Shares of 6,561 Voya Financial, Inc. $VOYA

Sanctuary Advisors LLC bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 6,561 shares of the asset manager’s stock, valued at approximately $448,000.

A number of other large investors have also modified their holdings of VOYA. Allworth Financial LP lifted its holdings in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Voya Financial during the fourth quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in Voya Financial in the fourth quarter worth $33,000. Systematic Financial Management LP purchased a new position in Voya Financial in the fourth quarter worth $37,000. Finally, Root Financial Partners LLC lifted its holdings in Voya Financial by 59.6% in the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 214 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Price Performance

Voya Financial stock opened at $98.74 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $91.50 and its 200 day simple moving average is $79.96. Voya Financial, Inc. has a 52 week low of $64.50 and a 52 week high of $103.85. The firm has a market capitalization of $8.95 billion, a PE ratio of 14.91, a P/E/G ratio of 0.92 and a beta of 0.91.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that Voya Financial, Inc. will post 9.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VOYA has been the topic of several research analyst reports. Atlantic Securities set a $79.00 target price on shares of Voya Financial in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Keefe, Bruyette & Woods raised their price objective on shares of Voya Financial from $92.00 to $109.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Morgan Stanley upped their target price on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Voya Financial from $88.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $100.15.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares of the company’s stock, valued at approximately $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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.

Voya Financial Company Profile

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.