Avidian Wealth Enterprises LLC Lowers Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Avidian Wealth Enterprises LLC lessened its holdings in Voya Financial, Inc. (NYSE:VOYA) by 7.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,160 shares of the asset manager’s stock after selling 405 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Voya Financial were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Voya Financial in the third quarter worth approximately $29,000. R Squared Ltd bought a new position in Voya Financial in the fourth quarter worth approximately $41,000. Blue Trust Inc. raised its stake in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares in the last quarter. Brooklyn Investment Group bought a new position in Voya Financial in the third quarter worth approximately $79,000. Finally, LRI Investments LLC raised its stake in Voya Financial by 780.5% in the third quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock worth $85,000 after buying an additional 921 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Price Performance

Shares of VOYA opened at $74.29 on Friday. The firm has a market capitalization of $7.15 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The company’s fifty day moving average price is $70.07 and its 200-day moving average price is $74.10.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, equities research analysts predict that Voya Financial, Inc. will post 8.95 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $76.00 price objective (down previously from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods cut their price target on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley cut their price target on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Voya Financial 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.