LSV Asset Management cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,081,121 shares of the asset manager's stock after selling 41,200 shares during the period. LSV Asset Management owned approximately 1.12% of Voya Financial worth $73,257,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VOYA. Commonwealth Equity Services LLC lifted its position in Voya Financial by 29.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,639 shares of the asset manager's stock worth $250,000 after acquiring an additional 837 shares in the last quarter. American Century Companies Inc. lifted its position in Voya Financial by 3.8% during the 4th quarter. American Century Companies Inc. now owns 46,855 shares of the asset manager's stock worth $3,225,000 after acquiring an additional 1,730 shares in the last quarter. LPL Financial LLC raised its position in shares of Voya Financial by 81.9% in the 4th quarter. LPL Financial LLC now owns 18,513 shares of the asset manager's stock valued at $1,274,000 after purchasing an additional 8,333 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Voya Financial by 13.9% in the 4th quarter. JPMorgan Chase & Co. now owns 249,935 shares of the asset manager's stock valued at $17,203,000 after purchasing an additional 30,419 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Voya Financial by 6.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,178 shares of the asset manager's stock valued at $907,000 after purchasing an additional 782 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have issued reports on VOYA. Keefe, Bruyette & Woods upped their target price on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $89.00 target price on Voya Financial and gave the company an "overweight" rating in a research report on Monday, July 14th. UBS Group cut their target price on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company upped their target price on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on Voya Financial from $80.00 to $89.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $83.50.
View Our Latest Stock Report on VOYA
Voya Financial Price Performance
Shares of NYSE VOYA opened at $67.29 on Friday. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99. The business has a 50 day simple moving average of $69.55 and a 200-day simple moving average of $67.62.
Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating 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 business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $1.77 EPS. The business's quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.
Voya Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, August 26th. Voya Financial's dividend payout ratio is presently 33.96%.
Insider Buying and Selling
In related news, Director Yvette S. Butler sold 1,700 shares of the company's stock in a transaction on 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 directly owned 355 shares in the company, valued at $23,493.90. This represents a 82.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.99% of the stock is currently owned by insiders.
Voya Financial Profile
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Free Report)
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.
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