Sanctuary Advisors LLC Purchases New Stake in Voya Financial, Inc. $VOYA

Sanctuary Advisors LLC bought a new stake in Voya Financial, Inc. (NYSE:VOYA) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,105 shares of the asset manager’s stock, valued at approximately $643,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its stake 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 acquiring an additional 151 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Voya Financial by 59.6% during the first 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 lifted its position in shares of Voya Financial by 56.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 612 shares of the asset manager’s stock worth $46,000 after purchasing an additional 222 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after buying an additional 223 shares during the period. Finally, &PARTNERS boosted its position in shares of Voya Financial by 3.3% during the 4th quarter. &PARTNERS now owns 6,946 shares of the asset manager’s stock valued at $517,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Insider Activity at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the company’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 transaction of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares in the company, valued at $259,830. This represents a 58.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VOYA shares. Atlantic Securities set a $79.00 target price on shares of Voya Financial in a research note on Wednesday, July 15th. UBS Group lifted their target price on Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Wells Fargo & Company upped their price objective on shares of Voya Financial from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Weiss Ratings downgraded Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. raised their target price on Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.85.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $102.34 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.99 and a beta of 0.89. The company’s fifty day moving average price is $97.76 and its 200-day moving average price is $83.66. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $103.85.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The business 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%. Voya Financial’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. On average, equities research analysts anticipate that Voya Financial, Inc. will post 9.25 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s payout ratio is currently 31.70%.

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.