Pzena Investment Management LLC Acquires 46,906 Shares of Voya Financial, Inc. $VOYA

Pzena Investment Management LLC boosted its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 1.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,673,118 shares of the asset manager’s stock after purchasing an additional 46,906 shares during the quarter. Pzena Investment Management LLC’s holdings in Voya Financial were worth $250,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Voya Financial by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 4,492,908 shares of the asset manager’s stock worth $334,677,000 after buying an additional 230,877 shares during the last quarter. Boston Partners grew its stake in shares of Voya Financial by 1.8% in the fourth quarter. Boston Partners now owns 3,557,281 shares of the asset manager’s stock worth $265,363,000 after acquiring an additional 61,962 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Voya Financial by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock worth $242,716,000 after acquiring an additional 219,130 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Voya Financial by 1.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,706,354 shares of the asset manager’s stock worth $201,596,000 after acquiring an additional 44,053 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Voya Financial by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,450,741 shares of the asset manager’s stock worth $182,558,000 after acquiring an additional 18,939 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 3,994 shares of Voya Financial stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total transaction of $359,460.00. Following the sale, the insider directly owned 2,887 shares of the company’s stock, valued at approximately $259,830. The trade was a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Raymond James Financial raised shares of Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price target for the company in a report on Monday, June 8th. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Morgan Stanley upped their price objective on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. reduced their target price on shares of Voya Financial from $89.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, May 26th. Finally, TD Cowen started coverage on Voya Financial in a research report on Monday, April 20th. They set a “buy” rating and a $100.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus price target of $91.73.

Voya Financial Trading Up 2.4%

Shares of Voya Financial stock opened at $92.71 on Thursday. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $93.45. The firm has a market capitalization of $8.41 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The company’s fifty day moving average price is $84.60 and its two-hundred day moving average price is $76.83.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $2.00 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect that Voya Financial, Inc. will post 9.6 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.0%. Voya Financial’s dividend payout ratio (DPR) is currently 28.40%.

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.