Pzena Investment Management LLC Has $291.63 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Pzena Investment Management LLC decreased its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,681,234 shares of the asset manager’s stock after selling 2,878 shares during the period. Pzena Investment Management LLC’s holdings in Voya Financial were worth $291,627,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial in the third quarter valued at about $29,000. UMB Bank n.a. boosted its position in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after acquiring an additional 239 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 801 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Voya Financial by 6,850.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock worth $62,000 after purchasing an additional 822 shares during the last quarter. Finally, Quarry LP acquired a new stake in Voya Financial in the 2nd quarter valued at $61,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on VOYA shares. Evercore ISI boosted their price target on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Bank of America upped their price target on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays raised their price objective on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Voya Financial Stock Performance

VOYA stock remained flat at $79.93 during mid-day trading on Wednesday. 29,811 shares of the company’s stock traded hands, compared to its average volume of 817,072. The stock’s 50 day moving average is $79.72 and its two-hundred day moving average is $74.35. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 0.58 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial, Inc. has a 52-week low of $63.11 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. As a group, equities analysts expect that Voya Financial, Inc. will post 8.2 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s payout ratio is 28.66%.

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.