Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Boston Partners

Boston Partners lowered its holdings in Voya Financial, Inc. (NYSE:VOYA) by 33.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,025,905 shares of the asset manager’s stock after selling 1,027,464 shares during the period. Boston Partners’ holdings in Voya Financial were worth $139,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Voya Financial by 15.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock valued at $445,487,000 after purchasing an additional 876,399 shares during the period. Impax Asset Management Group plc raised its position in Voya Financial by 277.8% in the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after purchasing an additional 2,131,578 shares during the period. FMR LLC raised its position in Voya Financial by 25.9% in the third quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock valued at $228,474,000 after purchasing an additional 592,523 shares during the period. Massachusetts Financial Services Co. MA raised its position in Voya Financial by 1.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock valued at $212,152,000 after purchasing an additional 38,438 shares during the period. Finally, GW&K Investment Management LLC raised its position in Voya Financial by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager’s stock valued at $69,722,000 after purchasing an additional 8,024 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Analyst Upgrades and Downgrades

VOYA has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. 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 report on Tuesday, December 10th. 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 report on Friday, February 28th. Piper Sandler cut their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods cut their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and a consensus target price of $83.55.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $67.64 on Wednesday. The stock’s 50-day moving average is $70.40 and its two-hundred day moving average is $74.58. 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, Inc. has a 1-year low of $64.10 and a 1-year high of $84.30. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. Analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.66%. Voya Financial’s dividend payout ratio is currently 29.41%.

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.