Boston Partners Sells 1,027,464 Shares of Voya Financial, Inc. (NYSE:VOYA)

Boston Partners reduced its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,025,905 shares of the asset manager's stock after selling 1,027,464 shares during the period. Boston Partners owned 2.11% of Voya Financial worth $139,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock valued at $445,487,000 after purchasing an additional 876,399 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock worth $199,062,000 after acquiring an additional 2,131,578 shares in the last quarter. FMR LLC increased its position in shares of Voya Financial by 25.9% during the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after acquiring an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Voya Financial by 1.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager's stock worth $212,152,000 after acquiring an additional 38,438 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Voya Financial by 0.8% during the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager's stock worth $69,722,000 after acquiring an additional 8,024 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

Remove Ads

Voya Financial Price Performance

NYSE VOYA traded down $0.60 on Friday, hitting $67.77. The stock had a trading volume of 3,570,721 shares, compared to its average volume of 808,716. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30. 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 company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The firm has a 50-day moving average of $70.43 and a 200-day moving average of $74.50.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Equities analysts expect that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial's dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays downgraded shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Piper Sandler decreased their target price on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Bank of America restated a "neutral" rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Finally, Morgan Stanley upgraded shares of Voya Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Six investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.55.

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.