Cascade Investment Advisors Inc. Has $1.74 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Cascade Investment Advisors Inc. lifted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 26.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,625 shares of the asset manager's stock after buying an additional 5,420 shares during the period. Cascade Investment Advisors Inc.'s holdings in Voya Financial were worth $1,736,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp grew its stake in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after purchasing an additional 327 shares during the last quarter. Quarry LP acquired a new stake in shares of Voya Financial during the fourth quarter worth $37,000. R Squared Ltd purchased a new stake in shares of Voya Financial in the fourth quarter valued at $41,000. Finally, Venturi Wealth Management LLC increased its stake in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Insider Buying and Selling

In other news, Director Yvette S. Butler sold 1,700 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the sale, the director now owns 355 shares of the company's stock, valued at $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VOYA has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Royal Bank of Canada reduced their target price on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Wells Fargo & Company raised their price objective on Voya Financial from $69.00 to $76.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods upped their target price on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $81.92.

Voya Financial Stock Performance

VOYA traded up $0.86 during trading hours on Tuesday, hitting $66.99. The company's stock had a trading volume of 978,169 shares, compared to its average volume of 875,546. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The company has a 50-day simple moving average of $62.65 and a 200 day simple moving average of $68.65. The firm has a market capitalization of $6.45 billion, a PE ratio of 10.95, a PEG ratio of 0.48 and a beta of 0.95.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The business had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The company's revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. As a group, sell-side analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. Voya Financial's dividend payout ratio (DPR) is 33.96%.

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.