Cascade Investment Advisors Inc. Boosts Holdings in Voya Financial, Inc. (NYSE:VOYA)

Cascade Investment Advisors Inc. grew its position in Voya Financial, Inc. (NYSE:VOYA) by 29.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,205 shares of the asset manager’s stock after acquiring an additional 4,625 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Voya Financial were worth $1,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after purchasing an additional 592,523 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Voya Financial by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after acquiring an additional 38,438 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Voya Financial during the fourth quarter worth approximately $47,155,000. Victory Capital Management Inc. boosted its holdings in shares of Voya Financial by 12.2% in the third quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager’s stock valued at $25,069,000 after purchasing an additional 34,413 shares during the period. Finally, Retirement Systems of Alabama raised its position in Voya Financial by 8.2% during the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock valued at $21,575,000 after purchasing an additional 20,750 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA opened at $71.25 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a 50-day moving average of $72.76 and a two-hundred day moving average of $74.19. The stock has a market cap of $6.86 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a one year low of $63.11 and a one year high of $84.30.

Voya Financial (NYSE:VOYA) last released its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping 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 the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that Voya Financial, Inc. will post 7.25 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th were paid a $0.45 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.53%. Voya Financial’s payout ratio is currently 28.66%.

Insider Buying and Selling

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this link. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price target on Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Evercore ISI reduced their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Bank of America reissued a “neutral” rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Barclays lowered their target price on Voya Financial from $85.00 to $81.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Finally, Piper Sandler cut their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.73.

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.