Thrivent Financial for Lutherans Cuts Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Thrivent Financial for Lutherans decreased its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,202 shares of the asset manager’s stock after selling 106,323 shares during the quarter. Thrivent Financial for Lutherans owned 0.15% of Voya Financial worth $9,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of Voya Financial by 420.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock worth $4,812,000 after purchasing an additional 52,032 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Voya Financial by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock worth $22,561,000 after buying an additional 11,336 shares in the last quarter. KBC Group NV boosted its stake in Voya Financial by 260.5% in the fourth quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock worth $646,000 after buying an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in Voya Financial in the fourth quarter worth approximately $47,155,000. Finally, Barclays PLC boosted its stake in Voya Financial by 48.2% in the third quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock worth $3,872,000 after buying an additional 15,902 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA opened at $67.77 on Friday. The stock has a fifty day simple moving average of $70.43 and a two-hundred day simple moving average of $74.50. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 12-month low of $64.10 and a 12-month high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data 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%. Research analysts predict that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Keefe, Bruyette & Woods lowered 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 lowered 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. Royal Bank of Canada lowered 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. 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. Finally, Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.55.

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.