Truist Financial Corp cut its holdings in Voya Financial, Inc. (NYSE:VOYA – Free Report) by 69.4% during the fourth quarter, HoldingsChannel reports. The fund owned 20,566 shares of the asset manager’s stock after selling 46,564 shares during the period. Truist Financial Corp’s holdings in Voya Financial were worth $1,532,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in VOYA. Root Financial Partners LLC acquired a new position in Voya Financial in the third quarter valued at approximately $26,000. Allworth Financial LP lifted its holdings 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 acquiring an additional 151 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Voya Financial in the fourth quarter valued at approximately $33,000. Rothschild Investment LLC lifted its holdings 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 acquiring an additional 518 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 475 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.
Voya Financial Stock Down 0.5%
Shares of NYSE VOYA opened at $81.37 on Friday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.74 and a beta of 0.94. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial, Inc. has a 52-week low of $64.50 and a 52-week high of $84.00. The business’s 50 day moving average is $72.74 and its two-hundred day moving average is $73.23.
Voya Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, May 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. Voya Financial’s payout ratio is presently 28.40%.
Analyst Ratings Changes
A number of research firms recently commented on VOYA. Evercore decreased their price objective on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Barclays upped their price objective on Voya Financial from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods decreased their price objective on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada upped their price objective on Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Weiss Ratings upgraded Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average target price of $87.80.
Read Our Latest Report on Voya Financial
About Voya Financial
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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