U.S. Capital Wealth Advisors LLC Takes $385,000 Position in Voya Financial, Inc. (NYSE:VOYA)

U.S. Capital Wealth Advisors LLC acquired a new stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,688 shares of the asset manager's stock, valued at approximately $385,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kelly Financial Group LLC purchased a new stake in Voya Financial during the 1st quarter valued at $270,680,000. FMR LLC grew its position in shares of Voya Financial by 10.5% in the 4th quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock worth $219,274,000 after buying an additional 301,682 shares during the period. Geode Capital Management LLC grew its position in Voya Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock valued at $116,058,000 after purchasing an additional 23,818 shares during the last quarter. First Trust Advisors LP grew its position in Voya Financial by 52.9% during the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after purchasing an additional 497,348 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Voya Financial during the 4th quarter valued at about $96,508,000. 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 business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares of the company's stock, valued at $23,493.90. The trade was a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VOYA. Keefe, Bruyette & Woods lifted their target price on Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Bank of America reiterated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Barclays boosted their price target on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. upped their target price on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company upped their target price on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $83.83.

Voya Financial Trading Down 3.0%

Shares of Voya Financial stock traded down $2.22 during trading on Tuesday, hitting $71.19. The company's stock had a trading volume of 701,453 shares, compared to its average volume of 886,713. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $84.30. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00. The stock has a 50-day moving average price of $68.25 and a two-hundred day moving average price of $67.31.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $1.77 EPS. The company's revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial's payout ratio is 33.96%.

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.