Allspring Global Investments Holdings LLC Lowers Position in Voya Financial, Inc. $VOYA

Allspring Global Investments Holdings LLC trimmed its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 34.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,134 shares of the asset manager’s stock after selling 58,585 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of Voya Financial worth $8,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in VOYA. Royal Bank of Canada grew its stake in Voya Financial by 21.7% in the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after purchasing an additional 15,091 shares during the period. EP Wealth Advisors LLC boosted its holdings in shares of Voya Financial by 5.1% in the 1st quarter. EP Wealth Advisors LLC now owns 4,689 shares of the asset manager’s stock worth $318,000 after buying an additional 228 shares during the last quarter. Amundi grew its position in Voya Financial by 39.9% during the first quarter. Amundi now owns 331,574 shares of the asset manager’s stock valued at $20,707,000 after buying an additional 94,504 shares during the period. Advisors Asset Management Inc. increased its holdings in Voya Financial by 6.0% during the first quarter. Advisors Asset Management Inc. now owns 18,819 shares of the asset manager’s stock worth $1,275,000 after buying an additional 1,063 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new stake in Voya Financial in the first quarter worth about $254,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 0.7%

Shares of VOYA opened at $77.85 on Wednesday. Voya Financial, Inc. has a 1-year low of $52.43 and a 1-year high of $78.35. The company has a market capitalization of $7.41 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50 day simple moving average is $72.66 and its 200 day simple moving average is $73.22.

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

Voya Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Wednesday, November 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.4%. This is a positive change from Voya Financial’s previous quarterly dividend of $0.45. Voya Financial’s dividend payout ratio is 32.30%.

Wall Street Analyst Weigh In

VOYA has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Barclays lifted their price objective on Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Finally, Royal Bank Of Canada cut their target price on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.56.

Voya Financial Company 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.