Prudential Financial Inc. Sells 22,303 Shares of Voya Financial, Inc. (NYSE:VOYA)

Prudential Financial Inc. reduced its position in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,922 shares of the asset manager's stock after selling 22,303 shares during the period. Prudential Financial Inc.'s holdings in Voya Financial were worth $1,371,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after purchasing an additional 183 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after purchasing an additional 327 shares during the period. R Squared Ltd acquired a new position in shares of Voya Financial in the 4th quarter valued at $41,000. Venturi Wealth Management LLC boosted its position in shares of Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after purchasing an additional 201 shares during the period. Finally, Brooklyn Investment Group boosted its position in shares of Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock valued at $80,000 after purchasing an additional 169 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Price Performance

Voya Financial stock traded down $3.86 on Thursday, reaching $56.68. The company's stock had a trading volume of 200,719 shares, compared to its average volume of 1,012,146. 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 cap of $5.41 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.48 and a beta of 0.93. The business's fifty day moving average price is $68.51 and its 200 day moving average price is $73.39. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $84.30.

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

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were paid a $0.45 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 3.18%. Voya Financial's payout ratio is 29.41%.

Analysts Set New Price Targets

A number of research firms recently weighed in on VOYA. Bank of America reiterated an "underperform" rating and issued a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays lowered Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada decreased their price objective on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target 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. Finally, Keefe, Bruyette & Woods cut their price target on Voya Financial from $84.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Voya Financial currently has a consensus rating of "Hold" and a consensus price target of $82.50.

About Voya Financial

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.