Pzena Investment Management LLC Buys 62,093 Shares of Voya Financial, Inc. $VOYA

Pzena Investment Management LLC raised its holdings in Voya Financial, Inc. (NYSE:VOYA) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,661,257 shares of the asset manager’s stock after acquiring an additional 62,093 shares during the period. Pzena Investment Management LLC’s holdings in Voya Financial were worth $259,949,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VOYA. Price T Rowe Associates Inc. MD raised its stake in Voya Financial by 23.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock worth $384,849,000 after acquiring an additional 1,095,190 shares in the last quarter. Woodline Partners LP acquired a new position in Voya Financial during the first quarter worth about $30,022,000. Wellington Management Group LLP raised its stake in Voya Financial by 5.4% during the first quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager’s stock worth $373,505,000 after acquiring an additional 280,316 shares in the last quarter. Algebris UK Ltd raised its stake in Voya Financial by 250.0% during the first quarter. Algebris UK Ltd now owns 354,351 shares of the asset manager’s stock worth $22,206,000 after acquiring an additional 253,100 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Voya Financial during the first quarter worth about $16,683,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE:VOYA opened at $72.66 on Monday. The stock has a market cap of $7.01 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average is $74.76 and its 200-day moving average is $69.09. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.31. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.18 earnings per share. Equities research analysts anticipate that Voya Financial, Inc. will post 8.39 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 26th. Voya Financial’s payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price on Voya Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Voya Financial from $80.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Morgan Stanley boosted their price target on Voya Financial from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company boosted their price target on Voya Financial from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.