GW&K Investment Management LLC Lowers Position in Voya Financial, Inc. $VOYA

GW&K Investment Management LLC lowered its holdings in Voya Financial, Inc. (NYSE:VOYA) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 924,179 shares of the asset manager’s stock after selling 54,601 shares during the period. GW&K Investment Management LLC owned approximately 0.97% of Voya Financial worth $68,842,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC increased its position in shares of Voya Financial by 10.9% during the 4th quarter. Cerity Partners LLC now owns 55,923 shares of the asset manager’s stock valued at $4,166,000 after purchasing an additional 5,495 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Voya Financial by 41.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 39,458 shares of the asset manager’s stock valued at $2,939,000 after purchasing an additional 11,521 shares during the last quarter. CenterBook Partners LP bought a new position in shares of Voya Financial during the 4th quarter valued at about $2,958,000. Cookson Peirce & Co. Inc. increased its position in shares of Voya Financial by 15.5% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 16,365 shares of the asset manager’s stock valued at $1,219,000 after purchasing an additional 2,191 shares during the last quarter. Finally, TD Asset Management Inc bought a new position in shares of Voya Financial during the 4th quarter valued at about $914,000. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Price Performance

VOYA opened at $88.36 on Wednesday. The stock’s 50 day simple moving average is $77.97 and its 200 day simple moving average is $74.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial, Inc. has a 1 year low of $64.50 and a 1 year high of $90.52. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.80 and a beta of 0.92.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results 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. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $2.00 EPS. Voya Financial’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts predict that Voya Financial, Inc. will post 9.6 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.40%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Keefe, Bruyette & Woods reduced their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. TD Cowen assumed coverage on Voya Financial in a research report on Monday, April 20th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.73.

Voya Financial Company 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.