Voya Financial, Inc. (VOYA) Shares Sold by Tillar Wenstrup Advisors LLC
Tillar Wenstrup Advisors LLC cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,970 shares of the asset manager’s stock after selling 2,535 shares during the quarter. Voya Financial makes up about 2.4% of Tillar Wenstrup Advisors LLC’s portfolio, making the stock its 12th largest position. Tillar Wenstrup Advisors LLC’s holdings in Voya Financial were worth $3,150,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank lifted its stake in shares of Voya Financial by 7.9% in the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after buying an additional 199 shares in the last quarter. Reliance Trust Co. of Delaware bought a new position in shares of Voya Financial in the third quarter valued at $215,000. Paragon Capital Management Ltd bought a new position in shares of Voya Financial in the second quarter valued at $239,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Voya Financial in the second quarter valued at $254,000. Finally, TLP Group LLC bought a new position in shares of Voya Financial in the second quarter valued at $262,000. 96.61% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on VOYA shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Voya Financial in a research note on Wednesday, September 6th. ValuEngine raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, September 23rd. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Voya Financial in a report on Wednesday, October 18th. They issued a “buy” rating and a $46.00 target price for the company. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.89.
In other Voya Financial news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total transaction of $342,380.00. Following the transaction, the insider now owns 5,379 shares in the company, valued at approximately $216,666.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.
Voya Financial, Inc. (NYSE VOYA) traded up 0.02% during mid-day trading on Tuesday, reaching $40.34. 248,140 shares of the company were exchanged. The stock has a 50-day moving average price of $39.57 and a 200 day moving average price of $37.79. The company’s market capitalization is $7.25 billion. Voya Financial, Inc. has a one year low of $28.96 and a one year high of $42.96.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.18). The company had revenue of $272.90 million for the quarter, compared to the consensus estimate of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same quarter in the prior year, the company posted $0.79 EPS. Analysts predict that Voya Financial, Inc. will post $3.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s dividend payout ratio is currently -1.04%.
Voya Financial Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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