Dimensional Fund Advisors LP Has $151.86 Million Stock Position in Voya Financial, Inc. (NYSE:VOYA)

Dimensional Fund Advisors LP lessened its holdings in Voya Financial, Inc. (NYSE:VOYA) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,206,299 shares of the asset manager’s stock after selling 14,181 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Voya Financial were worth $151,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp raised its holdings 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 buying an additional 183 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Voya Financial by 207.0% during the 4th 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 during the last quarter. R Squared Ltd bought a new position in shares of Voya Financial in the 4th quarter valued at approximately $41,000. Venturi Wealth Management LLC raised its stake in shares of Voya Financial by 45.0% in the 4th 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 lifted its holdings in Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Trading Up 2.7 %

Shares of VOYA stock opened at $59.04 on Friday. The firm has a fifty day moving average of $65.12 and a 200-day moving average of $71.77. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 0.48 and a beta of 0.93. Voya Financial, Inc. has a 52-week low of $52.43 and a 52-week high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

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

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.05%. The ex-dividend date was Tuesday, February 25th. Voya Financial’s dividend payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $76.00 to $87.00 in a research report on Friday, February 28th. Royal Bank of Canada cut their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group lowered their target price on Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Voya Financial has a consensus rating of “Hold” and a consensus target price of $80.92.

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.