Voya Financial, Inc. $VOYA Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,626,212 shares of the asset manager’s stock after selling 19,483 shares during the period. Pzena Investment Management LLC’s holdings in Voya Financial were worth $270,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VOYA. Hudson Bay Capital Management LP grew its position in Voya Financial by 21.1% in the third quarter. Hudson Bay Capital Management LP now owns 151,462 shares of the asset manager’s stock worth $11,329,000 after buying an additional 26,346 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Voya Financial by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock worth $181,901,000 after buying an additional 43,513 shares during the last quarter. Cadence Bank grew its position in Voya Financial by 59.9% in the third quarter. Cadence Bank now owns 49,299 shares of the asset manager’s stock worth $3,688,000 after buying an additional 18,462 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Voya Financial by 148.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 151,883 shares of the asset manager’s stock worth $11,361,000 after buying an additional 90,764 shares during the last quarter. Finally, Prana Capital Management LP acquired a new position in Voya Financial in the third quarter worth approximately $2,454,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Down 0.0%

NYSE VOYA opened at $82.35 on Friday. Voya Financial, Inc. has a 1-year low of $64.50 and a 1-year high of $84.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $7.47 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. The firm’s fifty day simple moving average is $73.80 and its 200-day simple moving average is $73.45.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. Voya Financial’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 earnings per share. As a group, sell-side analysts anticipate that Voya Financial, Inc. will post 9.65 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.40%.

Analyst Ratings Changes

Several research firms have issued reports on VOYA. Royal Bank Of Canada lifted their price target on shares of Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. UBS Group lifted their price target on shares of Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods decreased their price target on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Bank of America decreased their price target on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company lifted their price target on shares of Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.40.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.