Janney Montgomery Scott LLC Has $3.74 Million Holdings in Voya Financial, Inc. (NYSE:VOYA)

Janney Montgomery Scott LLC decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,257 shares of the asset manager's stock after selling 5,032 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of Voya Financial worth $3,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after buying an additional 327 shares in the last quarter. Quarry LP acquired a new position in shares of Voya Financial during the fourth quarter valued at about $37,000. Venturi Wealth Management LLC increased its position in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after acquiring an additional 201 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Voya Financial by 666.4% during the first quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock worth $60,000 after acquiring an additional 773 shares in the last quarter. Institutional investors own 96.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VOYA. Keefe, Bruyette & Woods raised their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Wells Fargo & Company increased their price objective on Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Barclays set a $70.00 target price on Voya Financial in a research report on Wednesday, May 7th. Morgan Stanley increased their price target on Voya Financial from $70.00 to $86.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Bank of America reaffirmed an "underperform" rating and set a $71.00 price objective (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $81.92.

Insider Transactions at Voya Financial

In related news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director now directly owns 355 shares in the company, valued at approximately $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Voya Financial Stock Performance

Shares of VOYA stock opened at $68.04 on Tuesday. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The firm's 50-day simple moving average is $64.45 and its two-hundred day simple moving average is $67.09. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 0.56 and a beta of 0.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The company had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. Voya Financial's revenue was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.65%. Voya Financial's dividend payout ratio is presently 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.

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