LSV Asset Management Sells 17,400 Shares of Voya Financial, Inc. $VOYA

LSV Asset Management cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 999,460 shares of the asset manager’s stock after selling 17,400 shares during the quarter. LSV Asset Management’s holdings in Voya Financial were worth $74,450,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VOYA. Bank of New York Mellon Corp lifted its holdings in shares of Voya Financial by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock valued at $487,463,000 after acquiring an additional 977,870 shares during the period. Millennium Management LLC lifted its holdings in shares of Voya Financial by 135.7% during the third quarter. Millennium Management LLC now owns 1,084,747 shares of the asset manager’s stock valued at $81,139,000 after acquiring an additional 624,436 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Voya Financial by 63.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,431,835 shares of the asset manager’s stock valued at $107,101,000 after acquiring an additional 553,675 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Voya Financial by 11.6% during the third quarter. Wellington Management Group LLP now owns 4,262,031 shares of the asset manager’s stock valued at $318,800,000 after acquiring an additional 444,059 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Voya Financial by 6.8% during the second quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock valued at $242,716,000 after acquiring an additional 219,130 shares during the period. 96.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America cut their price objective on Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Evercore cut their price target on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Barclays lifted their price target on Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lifted their price target on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and an average price target of $88.40.

Voya Financial Stock Performance

Voya Financial stock opened at $82.37 on Friday. The stock has a 50-day simple moving average of $74.13 and a 200 day simple moving average of $73.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $84.00. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 0.74 and a beta of 0.94.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the business posted $2.00 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts anticipate that Voya Financial, Inc. will post 9.61 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Voya Financial’s payout ratio is currently 28.40%.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.