Los Angeles Capital Management LLC Has $512,000 Stake in Voya Financial, Inc. (NYSE:VOYA)

Los Angeles Capital Management LLC cut its stake in Voya Financial, Inc. (NYSE:VOYA - Free Report) by 60.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,436 shares of the asset manager's stock after selling 11,537 shares during the period. Los Angeles Capital Management LLC's holdings in Voya Financial were worth $512,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Voya Financial during the fourth quarter worth approximately $41,000. Venturi Wealth Management LLC grew its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock worth $45,000 after buying an additional 201 shares in the last quarter. Brooklyn Investment Group acquired a new position in Voya Financial during the third quarter worth approximately $79,000. LRI Investments LLC increased its position in Voya Financial by 780.5% during the 3rd quarter. LRI Investments LLC now owns 1,039 shares of the asset manager's stock worth $85,000 after purchasing an additional 921 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager's stock worth $204,000 after acquiring an additional 148 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Evercore ISI dropped their price target on Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 10th. Royal Bank of Canada reduced their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Barclays downgraded shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, UBS Group upgraded Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. 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. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.55.

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Voya Financial Stock Performance

VOYA stock traded up $0.01 during mid-day trading on Friday, hitting $69.61. 324,835 shares of the company were exchanged, compared to its average volume of 878,338. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The business has a 50 day simple moving average of $70.61 and a 200-day simple moving average of $74.56. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.65 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05.

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 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%. On average, equities analysts forecast that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Tuesday, February 25th. Voya Financial's payout ratio is presently 29.41%.

Voya Financial 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.