Yousif Capital Management LLC Sells 182 Shares of Voya Financial, Inc. (NYSE:VOYA)

Yousif Capital Management LLC lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,015 shares of the asset manager’s stock after selling 182 shares during the quarter. Yousif Capital Management LLC’s holdings in Voya Financial were worth $3,649,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Voya Financial by 7.8% during the third quarter. Vanguard Group Inc. now owns 10,465,556 shares of the asset manager’s stock worth $695,436,000 after buying an additional 752,851 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Voya Financial by 2.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock valued at $115,621,000 after purchasing an additional 40,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Voya Financial by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,013 shares of the asset manager’s stock valued at $44,057,000 after purchasing an additional 50,015 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Voya Financial by 1,722.3% during the third quarter. Jupiter Asset Management Ltd. now owns 612,754 shares of the asset manager’s stock worth $40,718,000 after purchasing an additional 579,128 shares during the period. Finally, Invesco Ltd. lifted its stake in Voya Financial by 67.4% in the third quarter. Invesco Ltd. now owns 423,702 shares of the asset manager’s stock valued at $28,155,000 after buying an additional 170,605 shares during the period. Institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VOYA shares. Piper Sandler raised their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Royal Bank of Canada decreased their price target on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Wells Fargo & Company increased their price objective on shares of Voya Financial from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. StockNews.com raised Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Finally, Morgan Stanley cut their price target on Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.50.

Voya Financial Stock Up 0.6 %

VOYA opened at $68.35 on Friday. Voya Financial, Inc. has a fifty-two week low of $63.02 and a fifty-two week high of $77.28. The firm has a market capitalization of $6.93 billion, a P/E ratio of 12.59, a PEG ratio of 0.46 and a beta of 1.06. The company’s 50-day moving average is $69.73 and its 200 day moving average is $70.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 6th. The asset manager reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. The firm had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $304.66 million. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. Research analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.34%. Voya Financial’s dividend payout ratio (DPR) is presently 29.47%.

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.