LSV Asset Management Sells 17,400 Shares of Voya Financial, Inc. $VOYA

LSV Asset Management lessened its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 999,460 shares of the asset manager’s stock after selling 17,400 shares during the quarter. LSV Asset Management owned approximately 1.05% of Voya Financial worth $74,450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOYA. Root Financial Partners LLC acquired a new position in Voya Financial during the third quarter valued at approximately $26,000. Allworth Financial LP grew its holdings in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Voya Financial during the fourth quarter valued at approximately $33,000. Rothschild Investment LLC grew its holdings in Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 518 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Down 0.1%

VOYA opened at $82.37 on Friday. Voya Financial, Inc. has a fifty-two week low of $64.50 and a fifty-two week high of $84.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s fifty day moving average price is $74.13 and its two-hundred day moving average price is $73.51. The company has a market capitalization of $7.47 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.74 and a beta of 0.94.

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. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $2.00 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Voya Financial, Inc. will post 9.61 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. Voya Financial’s payout ratio is currently 28.40%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company increased their price target on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Barclays increased their price target on Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Evercore lowered their price target on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada increased their price target on Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Morgan Stanley increased their price target on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.40.

Voya Financial Profile

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.