Avidian Wealth Enterprises LLC Lowers Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Avidian Wealth Enterprises LLC decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 7.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,160 shares of the asset manager’s stock after selling 405 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Voya Financial were worth $355,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Voya Financial in the 3rd quarter valued at $29,000. R Squared Ltd bought a new stake in Voya Financial in the 4th quarter valued at $41,000. Blue Trust Inc. increased its holdings in Voya Financial by 3,640.9% in the 3rd 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 last quarter. Brooklyn Investment Group bought a new stake in Voya Financial in the 3rd quarter valued at $79,000. Finally, LRI Investments LLC increased its holdings in Voya Financial by 780.5% in the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager’s stock valued at $85,000 after acquiring an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VOYA shares. JPMorgan Chase & Co. reduced their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Barclays downgraded shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Morgan Stanley reduced their target price on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday. Bank of America restated a “neutral” rating and issued a $83.00 target price (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Finally, Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.27.

Voya Financial Stock Performance

Shares of NYSE:VOYA opened at $74.29 on Friday. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.46 and a beta of 1.05. Voya Financial, Inc. has a 12 month low of $64.10 and a 12 month high of $84.30. The firm’s 50-day moving average is $70.07 and its 200 day moving average is $74.10. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Research analysts predict that Voya Financial, Inc. will post 8.95 EPS for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.42%. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

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.