Pzena Investment Management LLC Acquires 32,061 Shares of Voya Financial, Inc. (NYSE:VOYA)

Pzena Investment Management LLC increased its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VOYA. Victory Capital Management Inc. raised its position in shares of Voya Financial by 1.8% in the first quarter. Victory Capital Management Inc. now owns 333,702 shares of the asset manager's stock valued at $22,612,000 after purchasing an additional 5,919 shares during the period. Trail Ridge Investment Advisors LLC grew its stake in shares of Voya Financial by 2.7% in the first quarter. Trail Ridge Investment Advisors LLC now owns 10,027 shares of the asset manager's stock valued at $679,000 after acquiring an additional 262 shares in the last quarter. A&I Financial Services LLC grew its stake in shares of Voya Financial by 42.5% in the first quarter. A&I Financial Services LLC now owns 8,100 shares of the asset manager's stock valued at $549,000 after acquiring an additional 2,414 shares in the last quarter. CWM LLC grew its stake in shares of Voya Financial by 36.9% in the first quarter. CWM LLC now owns 2,139 shares of the asset manager's stock valued at $145,000 after acquiring an additional 577 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Voya Financial by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the asset manager's stock valued at $1,830,000 after acquiring an additional 300 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $89.00 price objective on shares of Voya Financial and gave the stock an "overweight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their target price on shares of Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. UBS Group dropped their target price on shares of Voya Financial from $89.00 to $88.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company increased their target price on shares of Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.18.

Voya Financial Trading Up 0.1%

Shares of VOYA stock traded up $0.05 during trading hours on Friday, hitting $72.45. 400,561 shares of the company were exchanged, compared to its average volume of 886,530. The firm has a market cap of $6.97 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.67 and a beta of 1.00. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $84.30. 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 company has a 50 day simple moving average of $69.07 and a two-hundred day simple moving average of $67.43.

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

Voya Financial Announces Dividend

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

Insiders Place Their Bets

In other Voya Financial news, Director Yvette S. Butler sold 1,700 shares of Voya Financial stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the transaction, the director owned 355 shares of the company's stock, valued at $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.37% of the company's stock.

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.