Cwm LLC Sells 176 Shares of Voya Financial, Inc. (NYSE:VOYA)

Cwm LLC lessened its stake in Voya Financial, Inc. (NYSE:VOYA) by 14.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,013 shares of the asset manager’s stock after selling 176 shares during the period. Cwm LLC’s holdings in Voya Financial were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. AIA Group Ltd bought a new position in Voya Financial in the fourth quarter valued at about $1,717,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Voya Financial by 2.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock worth $115,621,000 after buying an additional 40,000 shares during the last quarter. abrdn plc grew its position in Voya Financial by 109.9% during the fourth quarter. abrdn plc now owns 32,602 shares of the asset manager’s stock valued at $2,379,000 after buying an additional 17,067 shares during the period. Arizona State Retirement System increased its holdings in Voya Financial by 1.5% during the third quarter. Arizona State Retirement System now owns 27,980 shares of the asset manager’s stock valued at $1,859,000 after buying an additional 403 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Voya Financial by 141.0% in the third quarter. AQR Capital Management LLC now owns 315,982 shares of the asset manager’s stock worth $20,997,000 after acquiring an additional 184,864 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VOYA has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Evercore ISI upped their price target on Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley lowered their price objective on Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Piper Sandler increased their target price on shares of Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada lowered their price target on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.33.

Voya Financial Trading Up 1.3 %

VOYA stock opened at $73.78 on Wednesday. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial, Inc. has a 1-year low of $63.02 and a 1-year high of $77.00. The business has a 50 day simple moving average of $70.05 and a two-hundred day simple moving average of $70.52.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.30. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. Voya Financial’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted $1.69 earnings per share. Research analysts anticipate that Voya Financial, Inc. will post 8.44 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. Voya Financial’s dividend payout ratio (DPR) is 22.73%.

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.