Allspring Global Investments Holdings LLC Has $815,000 Stock Holdings in Voya Financial, Inc. (NYSE:VOYA)

Allspring Global Investments Holdings LLC trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,875 shares of the asset manager’s stock after selling 845 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Voya Financial were worth $815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VOYA. Four Tree Island Advisory LLC bought a new position in Voya Financial during the fourth quarter worth about $4,243,000. Empowered Funds LLC increased its holdings in shares of Voya Financial by 20.7% during the 4th quarter. Empowered Funds LLC now owns 33,346 shares of the asset manager’s stock worth $2,295,000 after acquiring an additional 5,712 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Voya Financial by 23.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 35,334 shares of the asset manager’s stock valued at $2,432,000 after purchasing an additional 6,725 shares during the period. Vest Financial LLC boosted its stake in Voya Financial by 85.2% in the 4th quarter. Vest Financial LLC now owns 36,331 shares of the asset manager’s stock valued at $2,501,000 after purchasing an additional 16,719 shares during the period. Finally, Meritage Portfolio Management lifted its position in shares of Voya Financial by 65.6% during the 4th quarter. Meritage Portfolio Management now owns 13,769 shares of the asset manager’s stock valued at $948,000 after acquiring an additional 5,455 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Performance

Shares of VOYA opened at $71.97 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial, Inc. has a 1 year low of $64.10 and a 1 year high of $84.30. The firm has a market cap of $6.92 billion, a PE ratio of 11.76, a PEG ratio of 0.48 and a beta of 1.05. The stock’s fifty day moving average price is $70.10 and its two-hundred day moving average price is $74.39.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, equities research analysts forecast that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VOYA. Keefe, Bruyette & Woods dropped their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada lowered their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company lifted their target price on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Bank of America reissued a “neutral” rating and issued a $83.00 price objective (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Barclays cut Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.55.

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.