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

Pzena Investment Management LLC cut its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,681,234 shares of the asset manager’s stock after selling 2,878 shares during the period. Pzena Investment Management LLC owned approximately 3.74% of Voya Financial worth $291,627,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VOYA. Arjuna Capital boosted its holdings in Voya Financial by 0.8% during the second quarter. Arjuna Capital now owns 19,685 shares of the asset manager’s stock worth $1,401,000 after buying an additional 161 shares in the last quarter. US Bancorp DE boosted its position in Voya Financial by 5.8% during the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after purchasing an additional 202 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Voya Financial by 6.8% in the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock valued at $261,000 after buying an additional 210 shares in the last quarter. UMB Bank n.a. raised its stake in shares of 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 buying an additional 239 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Voya Financial by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock worth $905,000 after buying an additional 245 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on VOYA shares. Wells Fargo & Company increased their price objective on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada increased their target price on Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Citigroup boosted their price target on Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lowered shares of Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective on the stock. in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Voya Financial Price Performance

Shares of NYSE:VOYA remained flat at $79.93 during trading on Wednesday. 29,811 shares of the stock were exchanged, compared to its average volume of 817,072. The company has a market cap of $7.69 billion, a PE ratio of 12.74, a PEG ratio of 0.58 and a beta of 1.03. Voya Financial, Inc. has a 52 week low of $63.11 and a 52 week high of $84.30. The firm has a 50 day simple moving average of $79.72 and a 200-day simple moving average of $74.35. 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 (NYSE:VOYA) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business earned $2.07 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts forecast that Voya Financial, Inc. will post 8.2 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Voya Financial Company 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.