LSV Asset Management Lowers Position in Voya Financial, Inc. $VOYA

LSV Asset Management lessened its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 3.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,016,860 shares of the asset manager’s stock after selling 37,561 shares during the period. LSV Asset Management owned 1.05% of Voya Financial worth $76,061,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of Voya Financial by 17.7% during the 3rd 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 purchasing an additional 977,870 shares during the period. Kelly Financial Group LLC raised its holdings in Voya Financial by 1.9% during the third quarter. Kelly Financial Group LLC now owns 4,072,102 shares of the asset manager’s stock valued at $304,593,000 after acquiring an additional 77,418 shares during the period. Ameriprise Financial Inc. raised its holdings in 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. Boston Partners lifted its position in shares of Voya Financial by 70.4% in the second quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock valued at $239,175,000 after acquiring an additional 1,394,321 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Voya Financial by 3.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,662,301 shares of the asset manager’s stock worth $199,140,000 after acquiring an additional 88,151 shares during the period. Institutional investors own 96.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group set a $90.00 target price on Voya Financial in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Evercore dropped their target price on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $86.78.

Voya Financial Price Performance

VOYA stock opened at $74.11 on Friday. Voya Financial, Inc. has a 52 week low of $52.43 and a 52 week high of $79.99. The firm has a market capitalization of $7.05 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.50 and a beta of 0.89. The company has a fifty day simple moving average of $75.35 and a two-hundred day simple moving average of $74.01. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 0.41.

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

Voya Financial Dividend Announcement

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

About Voya Financial

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.