Voya Financial, Inc. (NYSE:VOYA) Position Lessened by Franklin Resources Inc.

Franklin Resources Inc. cut its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,899,738 shares of the asset manager's stock after selling 83,560 shares during the quarter. Franklin Resources Inc. owned approximately 5.65% of Voya Financial worth $430,445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Voya Financial by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 15,300 shares of the asset manager's stock valued at $1,017,000 after purchasing an additional 3,018 shares during the last quarter. Fifth Third Bancorp grew its position in Voya Financial by 12.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager's stock valued at $118,000 after purchasing an additional 196 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Voya Financial by 37.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 12,946 shares of the asset manager's stock valued at $860,000 after acquiring an additional 3,515 shares during the period. Teacher Retirement System of Texas lifted its stake in Voya Financial by 11.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 27,566 shares of the asset manager's stock valued at $1,832,000 after acquiring an additional 2,848 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Voya Financial by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 389,592 shares of the asset manager's stock valued at $25,888,000 after acquiring an additional 20,615 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

NYSE VOYA traded up $0.28 on Tuesday, reaching $74.41. 547,640 shares of the stock were exchanged, compared to its average volume of 866,752. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.00. The firm has a market capitalization of $7.49 billion, a PE ratio of 10.57, a PEG ratio of 0.53 and a beta of 1.06. The company's 50-day simple moving average is $71.19 and its two-hundred day simple moving average is $71.01. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, topping 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 company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter last year, the business earned $1.69 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. Analysts expect that Voya Financial, Inc. will post 8.53 EPS for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, May 24th. Voya Financial's dividend payout ratio (DPR) is currently 22.73%.

Analysts Set New Price Targets

VOYA has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Voya Financial from $85.00 to $83.00 and set an "outperform" rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company upped their target price on shares of Voya Financial from $91.00 to $92.00 and gave the company an "overweight" rating in a research note on Friday, May 10th. Evercore ISI upped their target price on shares of Voya Financial from $79.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. Piper Sandler increased their price objective 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. Finally, Morgan Stanley lowered their price objective on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.44.

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.