Amalgamated Bank Reduces Stake in Voya Financial, Inc. (NYSE:VOYA)

Amalgamated Bank lowered its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 25.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 46,970 shares of the asset manager's stock after selling 16,178 shares during the period. Amalgamated Bank's holdings in Voya Financial were worth $3,721,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the third quarter worth approximately $29,000. UMB Bank n.a. boosted its position in shares of Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after purchasing an additional 239 shares in the last quarter. Blue Trust Inc. grew its stake in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after purchasing an additional 801 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Voya Financial by 6,850.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock worth $62,000 after purchasing an additional 822 shares in the last quarter. Finally, Quarry LP acquired a new position in Voya Financial in the second quarter valued at approximately $61,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VOYA. Jefferies Financial Group raised their price objective on shares of Voya Financial from $78.00 to $80.00 and gave the stock a "hold" rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. cut shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target for the company. in a report on Thursday, October 3rd. Royal Bank of Canada lifted their price target on shares of Voya Financial from $83.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, October 11th. Piper Sandler increased their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Barclays boosted their target price on Voya Financial from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.55.

Voya Financial Stock Up 0.0 %

VOYA stock traded up $0.03 during mid-day trading on Friday, reaching $81.28. 783,651 shares of the company traded hands, compared to its average volume of 843,114. The company has a quick ratio of 0.30, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average price is $78.15 and its 200 day moving average price is $73.73. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a fifty-two week low of $63.11 and a fifty-two week high of $83.93.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Voya Financial's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.07 earnings per share. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.23 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.21%. Voya Financial's dividend payout ratio is currently 28.66%.

Voya Financial 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.