Cascade Investment Advisors Inc. Boosts Stake in Voya Financial, Inc. (NYSE:VOYA)

Cascade Investment Advisors Inc. boosted its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 29.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,205 shares of the asset manager's stock after acquiring an additional 4,625 shares during the period. Cascade Investment Advisors Inc.'s holdings in Voya Financial were worth $1,391,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Voya Financial in the 3rd quarter valued at approximately $29,000. UMB Bank n.a. boosted its stake 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 worth $35,000 after acquiring an additional 239 shares in the last quarter. Quarry LP purchased a new stake in shares of Voya Financial during the 2nd quarter worth approximately $61,000. Blue Trust Inc. boosted its stake in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager's stock worth $65,000 after acquiring an additional 801 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Voya Financial during the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Trading Up 0.3 %

Shares of VOYA stock traded up $0.24 on Friday, reaching $71.03. 378,234 shares of the stock were exchanged, compared to its average volume of 695,622. The stock has a market cap of $6.83 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.50 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $72.23 and a two-hundred day moving average of $74.15. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 EPS. On average, research analysts anticipate that Voya Financial, Inc. will post 7.11 EPS for the current year.

Insider Transactions at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company reissued an "equal weight" rating and set a $76.00 price target (down previously from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. Barclays decreased their price target on Voya Financial from $85.00 to $81.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 10th. Royal Bank of Canada cut their price objective on Voya Financial from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler cut their price objective on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $83.73.

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.