Los Angeles Capital Management LLC Decreases Stake in Voya Financial, Inc. (NYSE:VOYA)

Los Angeles Capital Management LLC trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 17.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,024 shares of the asset manager’s stock after selling 4,277 shares during the period. Los Angeles Capital Management LLC’s holdings in Voya Financial were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VOYA. Chilton Capital Management LLC purchased a new stake in Voya Financial in the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC acquired a new position in Voya Financial during the third quarter valued at $33,000. GAMMA Investing LLC acquired a new stake in Voya Financial during the 4th quarter worth about $49,000. Fifth Third Bancorp raised its stake in shares of Voya Financial by 12.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager’s stock valued at $118,000 after buying an additional 196 shares during the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Voya Financial in the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

VOYA stock opened at $73.78 on Wednesday. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.52 and a beta of 1.06. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. Voya Financial, Inc. has a 52-week low of $63.02 and a 52-week high of $77.00. The business has a fifty day moving average of $70.05 and a two-hundred day moving average of $70.52.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the business posted $1.69 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts anticipate that Voya Financial, Inc. will post 8.44 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.60 annualized dividend and a yield of 2.17%. Voya Financial’s dividend payout ratio is currently 22.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VOYA. Morgan Stanley reduced their price target on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Piper Sandler raised their price target on shares of Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Royal Bank of Canada decreased their price objective on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Wells Fargo & Company raised their target price on Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Evercore ISI increased their price target on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.33.

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.