Allspring Global Investments Holdings LLC Trims Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Allspring Global Investments Holdings LLC lessened its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,720 shares of the asset manager’s stock after selling 1,824 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Voya Financial were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VOYA. Vanguard Group Inc. grew its holdings in Voya Financial by 6.2% during the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after acquiring an additional 644,216 shares during the period. Boston Partners boosted its holdings in Voya Financial by 83.8% during the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock worth $186,310,000 after buying an additional 1,151,822 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Voya Financial by 1,020.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock valued at $175,057,000 after buying an additional 2,156,773 shares during the period. Dimensional Fund Advisors LP increased its holdings in Voya Financial by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after buying an additional 248,795 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Voya Financial by 29.6% in the second quarter. AQR Capital Management LLC now owns 651,803 shares of the asset manager’s stock worth $46,376,000 after acquiring an additional 148,810 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VOYA has been the subject of several research reports. Morgan Stanley cut their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Barclays boosted their target price on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Piper Sandler upped their target price on shares of Voya Financial from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research report on Thursday, October 3rd. Finally, Evercore ISI upped their price objective on Voya Financial from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Voya Financial has a consensus rating of “Moderate Buy” and an average price target of $85.27.

Voya Financial Stock Down 0.7 %

Shares of Voya Financial stock opened at $80.33 on Friday. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $83.93. The company has a market cap of $7.90 billion, a P/E ratio of 10.58, a PEG ratio of 0.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a fifty day moving average of $76.62 and a two-hundred day moving average of $73.12.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company posted $2.31 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts forecast that Voya Financial, Inc. will post 8.28 earnings per share for the current year.

Voya Financial Company 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.