Thrivent Financial for Lutherans Sells 106,323 Shares of Voya Financial, Inc. (NYSE:VOYA)

Thrivent Financial for Lutherans decreased its holdings in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,202 shares of the asset manager's stock after selling 106,323 shares during the quarter. Thrivent Financial for Lutherans owned 0.15% of Voya Financial worth $9,719,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Voya Financial by 15.7% during the 4th 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 buying an additional 876,399 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after purchasing an additional 2,131,578 shares during the period. FMR LLC boosted its holdings in Voya Financial by 25.9% in the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager's stock worth $228,474,000 after buying an additional 592,523 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Voya Financial by 1.5% in 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 during the period. Finally, GW&K Investment Management LLC grew 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 purchasing an additional 8,024 shares in the last quarter. 96.10% of the stock is currently owned by institutional investors.

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Voya Financial Trading Up 0.3 %

NYSE VOYA traded up $0.22 on Wednesday, hitting $70.02. 945,471 shares of the stock were exchanged, compared to its average volume of 808,683. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30. The firm has a market capitalization of $6.69 billion, a P/E ratio of 11.44, a P/E/G ratio of 0.48 and a beta of 1.03. The stock has a fifty day moving average price of $70.49 and a two-hundred day moving average price of $74.51.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results 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 return on equity of 14.10% and a net margin of 8.29%. Research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.57%. Voya Financial's dividend payout ratio is 29.41%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VOYA. Royal Bank of Canada lowered their price target on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Barclays downgraded shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Piper Sandler dropped their price target on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company lifted their price objective 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. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Voya Financial presently has an average rating of "Moderate Buy" and a consensus 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.