Voya Financial, Inc. $VOYA Stock Sold by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its position in shares of Voya Financial, Inc. (NYSE:VOYA – Free Report) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,428,602 shares of the asset manager’s stock after selling 101,044 shares during the quarter. Pzena Investment Management LLC’s holdings in Voya Financial were worth $323,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VOYA. Danske Bank A S purchased a new stake in shares of Voya Financial in the 2nd quarter worth $27,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Voya Financial during the 2nd quarter worth $48,000. Root Financial Partners LLC grew its position in shares of Voya Financial by 59.6% during the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after buying an additional 214 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Voya Financial by 29.6% during the third quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock valued at $66,000 after buying an additional 159 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Voya Financial during the second quarter valued at $84,000. 96.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Voya Financial news, insider Trevor Ogle sold 2,093 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $95.81, for a total transaction of $200,530.33. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

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Voya Financial Trading Up 1.4%

Voya Financial stock opened at $104.57 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.27 and a current ratio of 0.35. The stock has a market cap of $9.47 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.05 and a beta of 0.85. The stock has a 50-day moving average of $98.71 and a two-hundred day moving average of $86.58. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $105.64.

Voya Financial (NYSE:VOYA – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The asset manager reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Voya Financial had a return on equity of 12.67% and a net margin of 7.75%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm earned $2.45 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. On average, research analysts anticipate that Voya Financial, Inc. will post 9.16 EPS for the current fiscal year.

Voya Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Tuesday, November 24th will be paid a $0.57 dividend. This is a boost from Voya Financial’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, November 24th. This represents a $2.28 dividend on an annualized basis and a yield of 2.2%. Voya Financial’s dividend payout ratio (DPR) is 36.66%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods downgraded Voya Financial from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $110.00 to $108.00 in a report on Friday, October 9th. Weiss Ratings upgraded shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. Wells Fargo & Company dropped their target price on shares of Voya Financial from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Morgan Stanley raised their target price on shares of Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, August 24th. Finally, Atlantic Securities set a $79.00 price target on shares of Voya Financial in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.69.

View Our Latest Research Report on Voya Financial

Voya Financial Company Profile

(Free Report)

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.

Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.

Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.

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Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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