Raymond James Financial Inc. Has $7.29 Million Position in Voya Financial, Inc. $VOYA

Raymond James Financial Inc. reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,595 shares of the asset manager's stock after selling 8,886 shares during the period. Raymond James Financial Inc. owned 0.11% of Voya Financial worth $7,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Voya Financial by 666.4% during the 1st quarter. Versant Capital Management Inc now owns 889 shares of the asset manager's stock valued at $60,000 after acquiring an additional 773 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Voya Financial by 36.9% during the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager's stock valued at $64,000 after acquiring an additional 256 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Voya Financial by 26.1% during the 4th quarter. LRI Investments LLC now owns 1,310 shares of the asset manager's stock valued at $90,000 after acquiring an additional 271 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Voya Financial by 142.9% during the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager's stock valued at $91,000 after acquiring an additional 790 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Voya Financial by 196.7% during the 1st quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager's stock valued at $98,000 after acquiring an additional 958 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VOYA. Royal Bank Of Canada boosted their price target on shares of Voya Financial from $80.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Evercore ISI lifted their price objective on shares of Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Morgan Stanley lifted their price objective on shares of Voya Financial from $89.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Barclays lifted their price objective on shares of Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.70.

Voya Financial Stock Performance

Voya Financial stock traded down $1.20 on Friday, reaching $76.42. 1,593,168 shares of the stock were exchanged, compared to its average volume of 713,135. The stock has a market cap of $7.37 billion, a PE ratio of 15.28, a PEG ratio of 0.62 and a beta of 1.00. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The firm has a fifty day moving average price of $72.90 and a two-hundred day moving average price of $68.07.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.31. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The business's revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.18 EPS. Sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Voya Financial's dividend payout ratio is currently 36.00%.

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.