Boston Partners Trims Holdings in Voya Financial, Inc. (NYSE:VOYA)

Boston Partners trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 33.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,025,905 shares of the asset manager’s stock after selling 1,027,464 shares during the quarter. Boston Partners owned about 2.11% of Voya Financial worth $139,517,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. R Squared Ltd purchased a new position in Voya Financial during the fourth quarter valued at approximately $41,000. Venturi Wealth Management LLC raised its position in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 201 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Voya Financial during the third quarter valued at approximately $79,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VOYA has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Piper Sandler cut their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada cut their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.55.

Voya Financial Stock Performance

Shares of NYSE:VOYA opened at $67.64 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The business’s 50 day moving average price is $70.40 and its 200-day moving average price is $74.58. The firm has a market capitalization of $6.46 billion, a PE ratio of 11.05, a P/E/G ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, equities research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.41%.

Voya Financial 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.