Signaturefd LLC Has $395,000 Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Signaturefd LLC cut its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,987 shares of the asset manager’s stock after selling 160 shares during the period. Signaturefd LLC’s holdings in Voya Financial were worth $395,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in shares of Voya Financial in the 3rd quarter worth approximately $29,000. UMB Bank n.a. lifted its position in shares of Voya Financial by 118.9% in the 3rd 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 period. FinTrust Capital Advisors LLC acquired a new position in shares of Voya Financial in the 1st quarter worth approximately $43,000. Blue Trust Inc. lifted its position in shares of Voya Financial by 3,640.9% in the 3rd 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 period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after purchasing an additional 822 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VOYA. Evercore ISI boosted their price target on shares of Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Piper Sandler boosted their price target on shares of Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Citigroup boosted their target price on shares of Voya Financial from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. downgraded 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 report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.27.

Voya Financial Stock Performance

Shares of VOYA stock opened at $79.75 on Friday. The firm has a market capitalization of $7.84 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. The firm has a fifty day simple moving average of $75.82 and a two-hundred day simple moving average of $72.87. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $83.93.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.13. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. Voya Financial’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.31 EPS. Analysts forecast that Voya Financial, Inc. will post 8.31 EPS 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.