Pzena Investment Management LLC Cuts Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Pzena Investment Management LLC cut its holdings in Voya Financial, Inc. (NYSE:VOYA) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567,103 shares of the asset manager’s stock after selling 114,131 shares during the quarter. Pzena Investment Management LLC owned 3.71% of Voya Financial worth $245,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after buying an additional 327 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Voya Financial in the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC increased its position in shares of Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Voya Financial during the third quarter worth approximately $79,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VOYA has been the subject of several research reports. Barclays cut Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Bank of America reiterated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Piper Sandler dropped their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Stock Down 3.2 %

Shares of NYSE:VOYA opened at $68.19 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $70.65 and a two-hundred day moving average of $74.68. The stock has a market cap of $6.51 billion, a P/E ratio of 11.14, a PEG ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) 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.