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

Pzena Investment Management LLC decreased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,567,103 shares of the asset manager’s stock after selling 114,131 shares during the period. Pzena Investment Management LLC’s holdings in Voya Financial were worth $245,524,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VOYA. Jones Financial Companies Lllp lifted its stake in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after acquiring an additional 183 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after acquiring an additional 327 shares in the last quarter. R Squared Ltd acquired a new position in Voya Financial during the 4th quarter worth about $41,000. Venturi Wealth Management LLC lifted its stake in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after acquiring an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Voya Financial during the 3rd quarter worth about $79,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Down 3.2 %

VOYA opened at $68.19 on Tuesday. Voya Financial, Inc. has a one year low of $64.10 and a one year high of $84.30. The company has a market cap of $6.51 billion, a P/E ratio of 11.14, a PEG ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The business’s 50-day simple moving average is $70.65 and its 200-day simple moving average is $74.68.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.64%. Voya Financial’s payout ratio is 29.41%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VOYA shares. Wells Fargo & Company increased their target price on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods reduced their price target on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.55.

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.