Metis Global Partners LLC Has $421,000 Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Metis Global Partners LLC decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,312 shares of the asset manager’s stock after selling 514 shares during the period. Metis Global Partners LLC’s holdings in Voya Financial were worth $421,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VOYA. V Square Quantitative Management LLC bought a new position in Voya Financial in the third quarter worth $29,000. UMB Bank n.a. raised its stake 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 valued at $35,000 after buying an additional 239 shares in the last quarter. Quarry LP bought a new position in shares of Voya Financial during the 2nd quarter worth about $61,000. Allspring Global Investments Holdings LLC boosted its position in shares of Voya Financial by 6,850.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 822 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 801 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of VOYA stock opened at $81.33 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $7.83 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.58 and a beta of 1.03. The firm’s 50 day moving average is $79.54 and its 200-day moving average is $74.28. Voya Financial, Inc. has a 1 year low of $63.11 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 EPS. Sell-side analysts forecast that Voya Financial, Inc. will post 8.2 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. Voya Financial’s payout ratio is 28.66%.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America lifted their price objective on Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price target on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Piper Sandler lifted their price objective on Voya Financial from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Finally, Evercore ISI lifted their price target on shares of Voya Financial from $79.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $86.00.

Voya Financial Company 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.