Miracle Mile Advisors LLC Takes Position in Voya Financial, Inc. (NYSE:VOYA)

Miracle Mile Advisors LLC bought a new stake in shares of Voya Financial, Inc. (NYSE:VOYA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 20,031 shares of the asset manager’s stock, valued at approximately $1,379,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Voya Financial during the third quarter worth $29,000. UMB Bank n.a. lifted its stake in Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the last quarter. Quarry LP bought a new position in Voya Financial during the second quarter worth $61,000. Blue Trust Inc. lifted its stake in Voya Financial by 3,640.9% during the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Voya Financial during the third quarter worth $79,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VOYA. Barclays reduced their price objective on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $76.00 target price (down from $87.00) on shares of Voya Financial in a research report on Tuesday. 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. Royal Bank of Canada reduced their price target on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.73.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.37% of the stock is owned by company insiders.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $68.27 on Wednesday. Voya Financial, Inc. has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The firm’s 50-day simple moving average is $75.08 and its 200 day simple moving average is $74.28. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock has a market cap of $6.57 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.54 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned $2.07 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities analysts expect that Voya Financial, Inc. will post 8.09 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.64%. The ex-dividend date was Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

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.