Hennessy Advisors Inc. Sells 62,100 Shares of Voya Financial, Inc. $VOYA

Hennessy Advisors Inc. lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 562,000 shares of the asset manager’s stock after selling 62,100 shares during the quarter. Voya Financial comprises 1.3% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 17th largest position. Hennessy Advisors Inc.’s holdings in Voya Financial were worth $39,902,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of VOYA. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Voya Financial during the 1st quarter valued at about $47,000. Geneos Wealth Management Inc. boosted its position in shares of Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares during the last quarter. Blue Trust Inc. lifted its position in Voya Financial by 36.9% in the 1st quarter. Blue Trust Inc. now owns 950 shares of the asset manager’s stock worth $64,000 after buying an additional 256 shares during the last quarter. Bessemer Group Inc. lifted its position in Voya Financial by 142.9% in the 1st quarter. Bessemer Group Inc. now owns 1,343 shares of the asset manager’s stock worth $91,000 after buying an additional 790 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Voya Financial by 196.7% in the 1st quarter. UMB Bank n.a. now owns 1,445 shares of the asset manager’s stock worth $98,000 after buying an additional 958 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Shares of VOYA stock opened at $75.00 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The stock has a 50 day moving average price of $74.30 and a two-hundred day moving average price of $68.91. The company has a market capitalization of $7.23 billion, a P/E ratio of 15.00, a PEG ratio of 0.55 and a beta of 0.98.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.31. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $2.18 earnings per share. The business’s revenue was down 2.6% on a year-over-year basis. Analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Voya Financial’s payout ratio is 36.00%.

Analysts Set New Price Targets

VOYA has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Voya Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a research report on Saturday, September 27th. JPMorgan Chase & Co. boosted their target price on Voya Financial from $80.00 to $89.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their target price on Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, UBS Group boosted their target price on Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $83.70.

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.