Easterly Investment Partners LLC Sells 13,744 Shares of Voya Financial, Inc. (NYSE:VOYA)

Easterly Investment Partners LLC lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,875 shares of the asset manager's stock after selling 13,744 shares during the quarter. Easterly Investment Partners LLC owned 0.09% of Voya Financial worth $6,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock valued at $62,000 after purchasing an additional 822 shares during the last quarter. BNP Paribas Financial Markets raised its position in Voya Financial by 21.0% in the 1st quarter. BNP Paribas Financial Markets now owns 8,659 shares of the asset manager's stock valued at $640,000 after purchasing an additional 1,504 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Voya Financial by 1.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 49,041 shares of the asset manager's stock valued at $3,625,000 after purchasing an additional 776 shares during the last quarter. Duality Advisers LP bought a new position in Voya Financial in the 1st quarter valued at $344,000. Finally, Empowered Funds LLC raised its position in Voya Financial by 149.4% in the 1st quarter. Empowered Funds LLC now owns 25,399 shares of the asset manager's stock valued at $1,877,000 after purchasing an additional 15,216 shares during the last quarter. Institutional investors own 96.10% of the company's stock.

Voya Financial Trading Up 0.0 %

NYSE:VOYA traded up $0.04 on Friday, reaching $81.29. The company's stock had a trading volume of 783,649 shares, compared to its average volume of 822,709. Voya Financial, Inc. has a 1-year low of $63.11 and a 1-year high of $83.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 0.41. The firm has a market cap of $7.99 billion, a PE ratio of 12.94, a PEG ratio of 0.59 and a beta of 1.03. The business's 50-day moving average price is $77.94 and its two-hundred day moving average price is $73.58.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Voya Financial, Inc. will post 8.27 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.45 per share. The ex-dividend date 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VOYA shares. Wells Fargo & Company boosted their target price on Voya Financial from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Raymond James downgraded Voya Financial from a "strong-buy" rating to a "market perform" rating in a research report on Friday, September 13th. Morgan Stanley dropped their target price on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating for the company in a research report on Monday, August 19th. Bank of America boosted 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. Finally, Piper Sandler lifted their price objective on Voya Financial from $88.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Voya Financial currently has an average rating of "Moderate Buy" and a consensus price target of $85.55.

Insider Transactions at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of the company's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by insiders.

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.