Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its holdings in shares of Voya Financial, Inc. (NYSE:VOYA - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567,103 shares of the asset manager's stock after selling 114,131 shares during the period. Pzena Investment Management LLC owned about 3.71% of Voya Financial worth $245,524,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. US Bancorp DE boosted its stake in Voya Financial by 5.8% in the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager's stock worth $290,000 after buying an additional 202 shares during the last quarter. Meritage Portfolio Management lifted its holdings in shares of Voya Financial by 11.2% during the 3rd quarter. Meritage Portfolio Management now owns 8,314 shares of the asset manager's stock worth $659,000 after acquiring an additional 837 shares during the period. Aigen Investment Management LP boosted its position in shares of Voya Financial by 14.0% in the third quarter. Aigen Investment Management LP now owns 6,533 shares of the asset manager's stock worth $518,000 after acquiring an additional 800 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Voya Financial by 12.2% in the third quarter. Victory Capital Management Inc. now owns 316,447 shares of the asset manager's stock valued at $25,069,000 after purchasing an additional 34,413 shares during the period. Finally, Quest Partners LLC acquired a new position in Voya Financial during the third quarter worth approximately $322,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

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Voya Financial Stock Down 1.7 %

NYSE:VOYA traded down $1.13 during trading hours on Thursday, hitting $64.97. The stock had a trading volume of 1,146,303 shares, compared to its average volume of 816,939. The company has a market cap of $6.21 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The business has a 50 day simple moving average of $70.56 and a two-hundred day simple moving average of $74.62. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. Analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Tuesday, February 25th. Voya Financial's dividend payout ratio (DPR) is 29.41%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VOYA shares. Barclays lowered shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. Wells Fargo & Company raised their price objective on Voya Financial from $76.00 to $79.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.