Cwm LLC Has $182,000 Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Cwm LLC reduced its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,295 shares of the asset manager’s stock after selling 161 shares during the quarter. Cwm LLC’s holdings in Voya Financial were worth $182,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VOYA. Wright Investors Service Inc. grew its holdings in shares of Voya Financial by 7.7% in the 3rd quarter. Wright Investors Service Inc. now owns 9,586 shares of the asset manager’s stock worth $759,000 after purchasing an additional 687 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Voya Financial by 379.8% in the 3rd quarter. SG Americas Securities LLC now owns 13,242 shares of the asset manager’s stock worth $1,049,000 after purchasing an additional 10,482 shares during the last quarter. Cascade Investment Advisors Inc. bought a new stake in shares of Voya Financial in the 3rd quarter worth about $1,234,000. Davis Capital Management grew its holdings in shares of Voya Financial by 5.5% in the 3rd quarter. Davis Capital Management now owns 19,880 shares of the asset manager’s stock worth $1,575,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Voya Financial during the 2nd quarter worth about $319,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VOYA shares. Wells Fargo & Company increased their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Bank of America raised their target price on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group raised their target price on shares of Voya Financial from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.27.

Voya Financial Stock Performance

Shares of VOYA stock opened at $81.58 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $8.02 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03. The company’s 50 day moving average price is $75.29 and its two-hundred day moving average price is $72.75. Voya Financial, Inc. has a 52 week low of $63.02 and a 52 week high of $83.93.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.13. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $2.31 EPS. On average, analysts expect that Voya Financial, Inc. will post 8.31 earnings per share for the current fiscal year.

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.