Allspring Global Investments Holdings LLC Trims Stake in Voya Financial, Inc. $VOYA

Allspring Global Investments Holdings LLC lowered its stake in shares of Voya Financial, Inc. (NYSE:VOYA) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,747 shares of the asset manager’s stock after selling 9,387 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.11% of Voya Financial worth $7,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of VOYA. Root Financial Partners LLC purchased a new stake in Voya Financial in the third quarter worth about $26,000. Allworth Financial LP grew 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 worth $26,000 after purchasing an additional 151 shares during the period. Rothschild Investment LLC grew 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 worth $39,000 after purchasing an additional 518 shares during the period. EverSource Wealth Advisors LLC grew 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 worth $39,000 after purchasing an additional 475 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new stake in Voya Financial in the third quarter worth about $42,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Up 1.7%

Shares of Voya Financial stock opened at $68.33 on Tuesday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.45 and a beta of 0.86. The company’s 50 day moving average is $70.70 and its 200 day moving average is $72.72. Voya Financial, Inc. has a twelve month low of $52.43 and a twelve month high of $79.99. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. Research analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th were given a $0.47 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $1.88 annualized dividend and a yield of 2.8%. Voya Financial’s dividend payout ratio (DPR) is presently 29.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Wells Fargo & Company dropped their target price on shares of Voya Financial from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods reiterated a “moderate buy” rating and issued a $82.00 target price on shares of Voya Financial in a research note on Thursday, March 26th. Finally, Evercore dropped their target price on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Voya Financial 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.