Pzena Investment Management LLC Cuts Stock Holdings in Voya Financial, Inc. $VOYA

Pzena Investment Management LLC reduced its stake in Voya Financial, Inc. (NYSE:VOYA) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,645,695 shares of the asset manager’s stock after selling 15,562 shares during the quarter. Pzena Investment Management LLC owned about 3.78% of Voya Financial worth $272,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VOYA. Root Financial Partners LLC bought a new position in shares of Voya Financial in the 3rd quarter worth $26,000. IFP Advisors Inc increased its stake in Voya Financial by 225.6% in the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 300 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Voya Financial by 149.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. Rothschild Investment LLC raised its position in Voya Financial by 5,180.0% during the third 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 lifted its stake in Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after purchasing an additional 475 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VOYA. Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Morgan Stanley reiterated an “overweight” rating on shares of Voya Financial in a research report on Thursday, January 22nd. UBS Group set a $90.00 price target on shares of Voya Financial in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company upped their price objective on shares of Voya Financial from $80.00 to $86.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.78.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $75.48 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.36 and a quick ratio of 0.27. Voya Financial, Inc. has a one year low of $52.43 and a one year high of $79.99. The business’s 50 day simple moving average is $75.65 and its two-hundred day simple moving average is $74.18. The stock has a market capitalization of $7.18 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 0.50 and a beta of 0.89.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

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

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.