Los Angeles Capital Management LLC Has $512,000 Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Los Angeles Capital Management LLC lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 60.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,436 shares of the asset manager’s stock after selling 11,537 shares during the period. Los Angeles Capital Management LLC’s holdings in Voya Financial were worth $512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC grew its stake in shares of Voya Financial by 15,513.4% in the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after buying an additional 20,788 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Voya Financial by 10.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,646 shares of the asset manager’s stock valued at $1,002,000 after acquiring an additional 1,150 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Voya Financial by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after acquiring an additional 245 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Voya Financial by 6.8% in the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after acquiring an additional 210 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Voya Financial by 5.8% during the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock worth $290,000 after purchasing an additional 202 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VOYA. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $76.00 to $87.00 in a report on Friday. Wells Fargo & Company upped their price target on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Evercore ISI cut their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Bank of America reaffirmed a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Finally, Piper Sandler dropped their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.55.

Voya Financial Trading Down 0.8 %

Shares of VOYA stock opened at $71.71 on Tuesday. The firm has a market capitalization of $6.85 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The firm’s fifty day simple moving average is $70.45 and its 200 day simple moving average is $74.57. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

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

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.51%. Voya Financial’s dividend payout ratio (DPR) 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.