Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,231,860 shares of the asset manager's stock after selling 1,359,433 shares during the quarter. Wellington Management Group LLP owned 5.48% of Voya Financial worth $360,109,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its holdings in shares of Voya Financial by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 27,706 shares of the asset manager's stock valued at $1,907,000 after purchasing an additional 499 shares in the last quarter. Brandywine Global Investment Management LLC raised its stake in Voya Financial by 121.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 28,480 shares of the asset manager's stock worth $1,960,000 after buying an additional 15,630 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Voya Financial by 105.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 349,080 shares of the asset manager's stock worth $24,027,000 after buying an additional 178,777 shares during the period. Orion Portfolio Solutions LLC boosted its position in Voya Financial by 1.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 27,237 shares of the asset manager's stock valued at $1,875,000 after acquiring an additional 305 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Voya Financial by 6.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 13,178 shares of the asset manager's stock valued at $907,000 after acquiring an additional 782 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $76.00 to $87.00 in a research note on Friday, February 28th. Piper Sandler reduced their price objective on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target on shares of Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday. Barclays lowered Voya Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, UBS Group lowered their price objective on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Voya Financial presently has an average rating of "Hold" and a consensus target price of $82.83.

Voya Financial Stock Performance

Shares of Voya Financial stock traded down $6.58 on Thursday, reaching $62.43. 1,670,395 shares of the stock were exchanged, compared to its average volume of 839,628. The business has a 50 day moving average price of $70.22 and a two-hundred day moving average price of $74.22. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a twelve month low of $62.42 and a twelve month high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59.

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

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.88%. Voya Financial's dividend payout ratio is presently 29.41%.

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.