Oppenheimer Asset Management Inc. Acquires New Holdings in Voya Financial, Inc. $VOYA

Oppenheimer Asset Management Inc. bought a new position in shares of Voya Financial, Inc. (NYSE:VOYA) in the second quarter, HoldingsChannel reports. The firm bought 22,587 shares of the asset manager’s stock, valued at approximately $2,045,000.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Voya Financial by 75.5% in 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 in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Voya Financial during the fourth quarter worth $28,000. Systematic Financial Management LP bought a new stake in shares of Voya Financial during the fourth quarter worth $37,000. Root Financial Partners LLC raised its holdings in shares of Voya Financial by 59.6% during the first quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after acquiring an additional 475 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Voya Financial

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 completion of the transaction, the insider owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on VOYA. UBS Group boosted their price objective on shares of Voya Financial from $95.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Royal Bank Of Canada lifted their price target on Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Jefferies Financial Group lifted their price target on Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a report on Monday, June 8th. Finally, Wells Fargo & Company upped their price objective on Voya Financial from $89.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $102.54.

Voya Financial Stock Performance

Shares of VOYA stock opened at $101.42 on Monday. The company’s fifty day simple moving average is $95.82 and its 200-day simple moving average is $82.00. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm has a market cap of $9.19 billion, a PE ratio of 17.10, a P/E/G ratio of 0.97 and a beta of 0.89. Voya Financial, Inc. has a 12 month low of $64.50 and a 12 month high of $103.85.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts expect that Voya Financial, Inc. will post 9.3 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 26th. Voya Financial’s dividend payout ratio is currently 31.70%.

About Voya Financial

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.