LSV Asset Management Reduces Stake in Voya Financial, Inc. (NYSE:VOYA)

LSV Asset Management trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,262,860 shares of the asset manager's stock after selling 42,762 shares during the quarter. LSV Asset Management owned 1.21% of Voya Financial worth $92,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Voya Financial by 2.9% during the fourth quarter. Signaturefd LLC now owns 5,156 shares of the asset manager's stock valued at $376,000 after acquiring an additional 147 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Voya Financial by 12.5% in the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager's stock worth $118,000 after buying an additional 196 shares during the last quarter. Securian Asset Management Inc. grew its position in Voya Financial by 2.6% during the third quarter. Securian Asset Management Inc. now owns 8,959 shares of the asset manager's stock valued at $595,000 after buying an additional 225 shares during the period. Treasurer of the State of North Carolina increased its holdings in Voya Financial by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 44,391 shares of the asset manager's stock worth $2,950,000 after buying an additional 225 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC raised its position in Voya Financial by 1.7% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 13,529 shares of the asset manager's stock worth $899,000 after acquiring an additional 230 shares during the period. Institutional investors own 96.10% of the company's stock.

Voya Financial Price Performance

Shares of VOYA stock traded up $0.65 during trading hours on Friday, reaching $70.75. The stock had a trading volume of 573,270 shares, compared to its average volume of 899,388. The stock's fifty day simple moving average is $69.80 and its 200 day simple moving average is $70.40. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $7.17 billion, a PE ratio of 10.05, a PEG ratio of 0.52 and a beta of 1.06. Voya Financial, Inc. has a 12 month low of $63.02 and a 12 month high of $77.00.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.30. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $1.69 EPS. The business's revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts predict that Voya Financial, Inc. will post 8.43 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial's payout ratio is 22.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VOYA shares. The Goldman Sachs Group restated a "neutral" rating and set a $82.00 price target on shares of Voya Financial in a research note on Monday, January 8th. Royal Bank of Canada dropped their price target on Voya Financial from $85.00 to $83.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Voya Financial from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Morgan Stanley dropped their price objective on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, March 1st. Finally, Piper Sandler lifted their target price on shares of Voya Financial from $78.00 to $86.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Voya Financial presently has an average rating of "Moderate Buy" and an average price target of $82.50.

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.