Los Angeles Capital Management LLC Sells 4,277 Shares of Voya Financial, Inc. (NYSE:VOYA)

Los Angeles Capital Management LLC trimmed its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,024 shares of the asset manager’s stock after selling 4,277 shares during the period. Los Angeles Capital Management LLC’s holdings in Voya Financial were worth $1,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. increased its stake in Voya Financial by 8.6% in the 3rd quarter. Xponance Inc. now owns 12,983 shares of the asset manager’s stock valued at $863,000 after buying an additional 1,028 shares during the last quarter. Raymond James & Associates boosted its position in Voya Financial by 4.4% during the third quarter. Raymond James & Associates now owns 97,454 shares of the asset manager’s stock valued at $6,476,000 after purchasing an additional 4,117 shares during the last quarter. Brown Advisory Inc. grew its stake in Voya Financial by 2.1% in the third quarter. Brown Advisory Inc. now owns 38,705 shares of the asset manager’s stock valued at $2,572,000 after purchasing an additional 795 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Voya Financial by 3.0% during the 3rd quarter. New York State Teachers Retirement System now owns 37,306 shares of the asset manager’s stock worth $2,479,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Voya Financial by 6.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,682 shares of the asset manager’s stock valued at $1,972,000 after buying an additional 1,865 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Morgan Stanley dropped their target price on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Piper Sandler lifted their price target on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Wells Fargo & Company raised their price objective on Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Evercore ISI lifted their target price on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $83.33.

Voya Financial Trading Up 1.3 %

Shares of NYSE:VOYA opened at $73.78 on Wednesday. The company has a market capitalization of $7.48 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The business’s 50 day simple moving average is $70.05 and its 200 day simple moving average is $70.52. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $77.00.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business earned $1.69 earnings per share. Voya Financial’s revenue was up 11.8% on a year-over-year basis. On average, research analysts anticipate that Voya Financial, Inc. will post 8.44 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, May 24th. Voya Financial’s dividend payout ratio is currently 22.73%.

About Voya Financial

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.