Voya Financial, Inc. (NYSE:VOYA) Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC grew its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,599,164 shares of the asset manager's stock after buying an additional 32,061 shares during the period. Pzena Investment Management LLC owned 3.74% of Voya Financial worth $243,879,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VOYA. Jones Financial Companies Lllp boosted its holdings in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after buying an additional 183 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Voya Financial in the 4th quarter worth approximately $8,018,000. HighTower Advisors LLC boosted its stake in Voya Financial by 15.0% in the 4th quarter. HighTower Advisors LLC now owns 5,355 shares of the asset manager's stock worth $369,000 after purchasing an additional 698 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Voya Financial in the 4th quarter worth approximately $192,000. Finally, Commonwealth Equity Services LLC boosted its stake in Voya Financial by 29.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,639 shares of the asset manager's stock worth $250,000 after purchasing an additional 837 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Stock Performance

Shares of VOYA traded up $1.03 during trading hours on Thursday, hitting $72.46. The stock had a trading volume of 579,231 shares, compared to its average volume of 886,431. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day moving average price of $68.96 and a 200 day moving average price of $67.43. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.66 and a beta of 1.00.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.56. Voya Financial had a net margin of 7.18% and a return on equity of 14.05%. The firm had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business posted $1.77 EPS. The business's revenue was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, May 27th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Tuesday, May 27th. Voya Financial's dividend payout ratio is currently 33.96%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. UBS Group lowered their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Bank of America reiterated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Voya Financial has an average rating of "Hold" and an average price target of $83.83.

Insider Activity

In related news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares in the company, valued at $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.99% of the stock is currently owned by corporate insiders.

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.