Voya Financial, Inc. $VOYA Position Lowered by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 owned about 3.81% of Voya Financial worth $270,117,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Global Retirement Partners LLC lifted its position in shares of Voya Financial by 3,590.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,144 shares of the asset manager’s stock worth $85,000 after purchasing an additional 1,113 shares during the last quarter. Twin Capital Management Inc. bought a new position in shares of Voya Financial during the fourth quarter worth about $916,000. Algebris UK Ltd. lifted its position in shares of Voya Financial by 17.6% during the fourth quarter. Algebris UK Ltd. now owns 660,743 shares of the asset manager’s stock worth $49,242,000 after purchasing an additional 99,122 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Voya Financial by 53.8% during the fourth quarter. IFP Advisors Inc now owns 915 shares of the asset manager’s stock worth $68,000 after purchasing an additional 320 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Voya Financial by 128.3% during the fourth quarter. GSA Capital Partners LLP now owns 13,922 shares of the asset manager’s stock worth $1,037,000 after purchasing an additional 7,823 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

VOYA opened at $82.35 on Friday. The business’s 50 day moving average is $73.80 and its 200-day moving average is $73.45. The stock has a market cap 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 company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a twelve month low of $64.50 and a twelve month high of $84.00.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. On average, analysts predict that Voya Financial, Inc. will post 9.65 earnings per share for the current year.

Voya Financial Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on VOYA. Royal Bank Of Canada increased 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 raised their target price on shares of Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Morgan Stanley raised their target price on shares of Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings raised shares of Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Barclays raised their target price on shares of Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Voya Financial 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.