Legal & General Group Plc lowered its holdings in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 11.5% in the fourth quarter, Holdings Channel reports. The firm owned 149,439 shares of the asset manager’s stock after selling 19,423 shares during the quarter. Legal & General Group Plc’s holdings in Voya Financial were worth $11,132,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Voya Financial in the fourth quarter valued at $33,000. Systematic Financial Management LP bought a new position in Voya Financial in the fourth quarter valued at $37,000. Rothschild Investment LLC grew its position in Voya Financial by 5,180.0% in the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 518 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.
Voya Financial Stock Performance
Shares of VOYA stock opened at $81.92 on Thursday. The stock has a market cap of $7.43 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The company has a fifty day moving average price of $76.44 and a two-hundred day moving average price of $74.07. Voya Financial, Inc. has a one year low of $64.50 and a one year high of $84.00.
Voya Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, May 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.40%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on VOYA. Bank of America cut their price target on shares of Voya Financial from $72.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. TD Cowen began coverage on shares of Voya Financial in a research note on Monday, April 20th. They issued a “buy” rating and a $100.00 price target for the company. Keefe, Bruyette & Woods cut their price target on shares of Voya Financial from $82.00 to $81.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Morgan Stanley increased their price target on shares of Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company increased their price target on shares of Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.30.
Read Our Latest Analysis on Voya Financial
Voya Financial Profile
Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.
Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.
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