Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 660,496 shares of the asset manager's stock after selling 12,360 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.69% of Voya Financial worth $52,324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Voya Financial in the third quarter valued at $29,000. UMB Bank n.a. lifted its stake in shares of Voya Financial by 118.9% in 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 holdings 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 purchasing an additional 801 shares during the period. Quarry LP acquired a new stake in Voya Financial during the 2nd quarter worth approximately $61,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Voya Financial in the third quarter valued at approximately $87,000. Institutional investors and hedge funds own 96.10% of the company's stock.

Insiders Place Their Bets

In related 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 transaction of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VOYA shares. Barclays increased their price objective on shares of Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. UBS Group raised Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. Bank of America upped their target price on Voya Financial from $84.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Piper Sandler raised their target price on Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Morgan Stanley decreased their price target on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating for the company in a report on Monday, August 19th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Voya Financial Stock Up 0.1 %

NYSE VOYA traded up $0.07 during trading hours on Friday, reaching $83.00. 441,346 shares of the company traded hands, compared to its average volume of 812,250. The stock has a market capitalization of $7.99 billion, a PE ratio of 13.22, a PEG ratio of 0.58 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial, Inc. has a 12 month low of $63.11 and a 12 month high of $84.30. The company has a 50 day moving average of $80.65 and a two-hundred day moving average of $74.82.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results 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 company had revenue of $1.96 billion for 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%. Voya Financial's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. As a group, equities analysts expect that Voya Financial, Inc. will post 8.4 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.17%. Voya Financial's payout ratio is 28.66%.

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.