Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Position in Voya Financial, Inc. (NYSE:VOYA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Voya Financial, Inc. (NYSE:VOYA) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,250 shares of the asset manager’s stock after selling 424 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Voya Financial were worth $1,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in shares of Voya Financial in the 3rd quarter valued at $322,000. Advisors Asset Management Inc. grew its holdings in shares of Voya Financial by 52.2% during the third quarter. Advisors Asset Management Inc. now owns 11,580 shares of the asset manager’s stock worth $917,000 after purchasing an additional 3,970 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of Voya Financial by 15.2% during the third quarter. Kingsview Wealth Management LLC now owns 28,609 shares of the asset manager’s stock worth $2,266,000 after purchasing an additional 3,782 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Voya Financial by 5.5% in the 3rd quarter. Algert Global LLC now owns 42,473 shares of the asset manager’s stock valued at $3,365,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of Voya Financial in the 3rd quarter valued at about $1,201,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VOYA shares. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $76.00 to $87.00 in a research note on Friday, February 28th. Piper Sandler decreased their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Barclays cut shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI lowered their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, December 10th. Finally, Bank of America reaffirmed a “neutral” rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.55.

Voya Financial Stock Up 1.1 %

Voya Financial stock opened at $69.79 on Wednesday. The stock’s 50 day moving average price is $70.49 and its 200 day moving average price is $74.51. Voya Financial, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The company has a market cap of $6.67 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Voya Financial’s payout ratio is 29.41%.

Voya Financial Company 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.