Sanctuary Advisors LLC Makes New Investment in Voya Financial, Inc. $VOYA

Sanctuary Advisors LLC purchased a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the first quarter, HoldingsChannel reports. The fund purchased 6,561 shares of the asset manager’s stock, valued at approximately $448,000.

A number of other institutional investors have also modified their holdings of VOYA. Allworth Financial LP lifted its stake in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Voya Financial in the 4th quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new stake in Voya Financial in the 4th quarter worth approximately $33,000. Systematic Financial Management LP acquired a new position in Voya Financial in the 4th quarter valued at $37,000. Finally, Root Financial Partners LLC raised its holdings in Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VOYA shares. Barclays raised their price objective on Voya Financial from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Morgan Stanley upped their target price on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Royal Bank Of Canada increased their target price on Voya Financial from $100.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Bank of America decreased their price target on Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company lifted their price target on Voya Financial from $89.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.15.

Insider Buying and Selling

In other news, insider Trevor Ogle sold 3,994 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the transaction, the insider directly owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by corporate insiders.

Voya Financial Stock Down 1.3%

Shares of NYSE VOYA opened at $98.74 on Thursday. The stock has a market capitalization of $8.95 billion, a PE ratio of 14.91, a P/E/G ratio of 0.92 and a beta of 0.91. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $91.50 and a 200-day moving average of $79.96. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $103.85.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company posted $2.00 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts anticipate that Voya Financial, Inc. will post 9.32 EPS for the current year.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.