Voya Financial, Inc. (NYSE:VOYA) Stock Position Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Voya Financial, Inc. (NYSE:VOYA) by 60.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Voya Financial by 15.7% during 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 in the last quarter. Impax Asset Management Group plc increased its stake in Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after buying an additional 2,131,578 shares during the period. FMR LLC raised its position in shares of Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after buying an additional 592,523 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Voya Financial by 1.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,678,016 shares of the asset manager’s stock worth $212,152,000 after acquiring an additional 38,438 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in shares of Voya Financial in the fourth quarter valued at approximately $47,155,000. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VOYA. Keefe, Bruyette & Woods dropped their target price on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Evercore ISI decreased their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Finally, Bank of America reissued a “neutral” rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.55.

Voya Financial Stock Performance

Voya Financial stock opened at $71.71 on Tuesday. Voya Financial, Inc. has a fifty-two week low of $64.10 and a fifty-two week high of $84.30. The firm’s 50 day simple moving average is $70.45 and its 200-day simple moving average is $74.57. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. The company has a market cap 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 (NYSE:VOYA) last posted its quarterly earnings data 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%. As a group, equities research analysts predict that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

About Voya Financial

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.