Janney Montgomery Scott LLC Has $4.15 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Janney Montgomery Scott LLC raised its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,289 shares of the asset manager's stock after purchasing an additional 7,158 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Voya Financial worth $4,150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Creative Planning lifted its holdings in Voya Financial by 15.3% during the 2nd quarter. Creative Planning now owns 7,216 shares of the asset manager's stock valued at $513,000 after purchasing an additional 958 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Voya Financial by 114.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,494 shares of the asset manager's stock worth $604,000 after buying an additional 4,540 shares during the last quarter. Quarry LP bought a new stake in shares of Voya Financial during the 2nd quarter worth about $61,000. Sanctuary Advisors LLC acquired a new position in Voya Financial in the 2nd quarter valued at about $319,000. Finally, Davis Capital Management raised its holdings in Voya Financial by 5.5% in the 3rd quarter. Davis Capital Management now owns 19,880 shares of the asset manager's stock valued at $1,575,000 after acquiring an additional 1,041 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Trading Down 2.9 %

Shares of Voya Financial stock traded down $2.08 on Monday, hitting $68.91. The stock had a trading volume of 383,087 shares, compared to its average volume of 702,995. The stock has a 50 day moving average of $72.02 and a 200 day moving average of $74.16. The firm has a market capitalization of $6.63 billion, a P/E ratio of 10.98, a PEG ratio of 0.49 and a beta of 1.05. Voya Financial, Inc. has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly 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. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm earned $2.07 earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that Voya Financial, Inc. will post 7.11 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.61%. The ex-dividend date is Tuesday, February 25th. Voya Financial's payout ratio is presently 28.66%.

Insiders Place Their Bets

In other 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 value of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

VOYA has been the topic of several research reports. UBS Group raised Voya Financial to a "strong-buy" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company reissued an "equal weight" rating and issued a $76.00 price objective (down previously from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $92.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Finally, Evercore ISI cut their price target on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.27.

Voya Financial Company 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.