Pzena Investment Management LLC Sells 15,562 Shares of Voya Financial, Inc. $VOYA

Pzena Investment Management LLC cut its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,645,695 shares of the asset manager’s stock after selling 15,562 shares during the period. Pzena Investment Management LLC’s holdings in Voya Financial were worth $272,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Voya Financial in the third quarter valued at $26,000. IFP Advisors Inc lifted its position in shares of Voya Financial by 225.6% in the 2nd quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock worth $31,000 after purchasing an additional 300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Voya Financial by 149.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 288 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Voya Financial by 5,180.0% during the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 518 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after buying an additional 475 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. UBS Group set a $90.00 price objective on shares of Voya Financial in a report on Wednesday, February 4th. Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Evercore lowered their target price on Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Barclays raised Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Voya Financial in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and a consensus price target of $86.78.

Voya Financial Stock Performance

Voya Financial stock opened at $75.48 on Thursday. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $79.99. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.18 billion, a P/E ratio of 12.00, a PEG ratio of 0.50 and a beta of 0.89. The stock’s 50 day moving average is $75.65 and its 200 day moving average is $74.18.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a yield of 2.5%. Voya Financial’s payout ratio is presently 29.89%.

Voya Financial 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.