Brandywine Global Investment Management LLC Sells 33,788 Shares of Voya Financial, Inc. $VOYA

Brandywine Global Investment Management LLC lowered its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 56.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,850 shares of the asset manager’s stock after selling 33,788 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Voya Financial were worth $1,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners boosted its holdings in Voya Financial by 70.4% in the 2nd quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock worth $239,175,000 after buying an additional 1,394,321 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Voya Financial by 23.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock valued at $384,849,000 after acquiring an additional 1,095,190 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Voya Financial in the second quarter valued at about $34,378,000. Woodline Partners LP bought a new position in shares of Voya Financial in the first quarter worth about $30,022,000. Finally, Bank of New York Mellon Corp grew its position in shares of Voya Financial by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 5,539,009 shares of the asset manager’s stock worth $393,270,000 after purchasing an additional 407,426 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on VOYA. Royal Bank Of Canada lowered their price target on Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Barclays boosted their target price on shares of Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. UBS Group upped their target price on shares of Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Finally, Wall Street Zen cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Voya Financial has an average rating of “Hold” and a consensus target price of $84.30.

Voya Financial Trading Up 1.5%

Shares of VOYA opened at $70.05 on Tuesday. The stock has a market capitalization of $6.67 billion, a PE ratio of 12.04, a P/E/G ratio of 0.50 and a beta of 0.99. The company’s fifty day moving average is $73.38 and its 200 day moving average is $71.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial, Inc. has a fifty-two week low of $52.43 and a fifty-two week high of $83.58.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the business earned $2.12 earnings per share. Voya Financial’s quarterly revenue was up 8.8% compared to the same quarter last year. Sell-side analysts expect that Voya Financial, Inc. will post 8.39 earnings per share for the current fiscal year.

Voya Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. This represents a $1.88 annualized dividend and a yield of 2.7%. Voya Financial’s payout ratio is presently 30.93%.

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.