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

Pzena Investment Management LLC lessened its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,781,018 shares of the asset manager's stock after selling 31,455 shares during the period. Pzena Investment Management LLC owned approximately 3.62% of Voya Financial worth $275,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VOYA. Norges Bank purchased a new position in Voya Financial in the fourth quarter valued at about $80,749,000. Vanguard Group Inc. grew its holdings in Voya Financial by 7.8% during the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager's stock valued at $695,436,000 after purchasing an additional 752,851 shares during the period. Jupiter Asset Management Ltd. increased its position in Voya Financial by 1,722.3% in the third quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager's stock worth $40,718,000 after buying an additional 579,128 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Voya Financial by 405.2% in the third quarter. Qube Research & Technologies Ltd now owns 314,293 shares of the asset manager's stock valued at $20,885,000 after buying an additional 252,087 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Voya Financial by 141.0% during the 3rd quarter. AQR Capital Management LLC now owns 315,982 shares of the asset manager's stock valued at $20,997,000 after buying an additional 184,864 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Trading Up 0.7 %

Voya Financial stock traded up $0.49 during mid-day trading on Wednesday, reaching $74.88. 684,139 shares of the company traded hands, compared to its average volume of 864,907. The firm's 50 day moving average price is $71.27 and its 200 day moving average price is $71.04. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $77.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.52 and a beta of 1.06.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the company earned $1.69 EPS. The business's revenue was up 11.8% compared to the same quarter last year. On average, analysts anticipate that Voya Financial, Inc. will post 8.53 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 24th. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. Voya Financial's payout ratio is 22.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on Voya Financial from $91.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, May 10th. Evercore ISI increased their price target on shares of Voya Financial from $79.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, April 11th. Morgan Stanley reduced their price objective on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating for the company in a research note on Friday, March 1st. 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. Finally, Piper Sandler boosted their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.44.

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.