Legal & General Group Plc Sells 19,423 Shares of Voya Financial, Inc. $VOYA

Legal & General Group Plc trimmed its holdings in shares of Voya Financial, Inc. (NYSE:VOYA) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,439 shares of the asset manager’s stock after selling 19,423 shares during the period. Legal & General Group Plc owned 0.16% of Voya Financial worth $11,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial during the fourth quarter worth approximately $33,000. Systematic Financial Management LP bought a new stake in shares of Voya Financial during the fourth quarter worth approximately $37,000. Rothschild Investment LLC raised its stake in shares of Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after buying an additional 518 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after buying an additional 475 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Barclays boosted their price target on shares of Voya Financial from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target 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. Weiss Ratings raised shares of Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada upped their target price on shares of Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.30.

Voya Financial Stock Down 0.8%

Shares of VOYA stock opened at $81.92 on Thursday. The firm has a fifty day moving average of $76.44 and a 200-day moving average of $74.07. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 12-month low of $64.50 and a 12-month high of $84.00. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.75 and a beta of 0.92.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.24. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 earnings per share. As a group, equities research analysts predict that Voya Financial, Inc. will post 9.56 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. Voya Financial’s dividend payout ratio (DPR) is 28.40%.

Voya Financial Profile

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.