Prudential Financial Inc. Has $1.37 Million Position in Voya Financial, Inc. (NYSE:VOYA)

Prudential Financial Inc. lessened its holdings in Voya Financial, Inc. (NYSE:VOYA) by 52.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,922 shares of the asset manager’s stock after selling 22,303 shares during the period. Prudential Financial Inc.’s holdings in Voya Financial were worth $1,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wealthspire Advisors LLC boosted its position in Voya Financial by 5.3% during the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock worth $204,000 after acquiring an additional 148 shares during the period. Brooklyn Investment Group lifted its position in shares of Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after purchasing an additional 169 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after purchasing an additional 177 shares during the period. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 183 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Voya Financial by 13.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE:VOYA opened at $56.59 on Friday. The firm has a market capitalization of $5.41 billion, a PE ratio of 9.25, a PEG ratio of 0.48 and a beta of 1.03. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 1 year low of $55.23 and a 1 year high of $84.30. The firm’s fifty day simple moving average is $69.95 and its 200 day simple moving average is $74.07.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VOYA shares. Piper Sandler lowered their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Keefe, Bruyette & Woods lowered their target price on Voya Financial from $90.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Evercore ISI cut their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Royal Bank of Canada reduced their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Bank of America restated an “underperform” rating and issued a $71.00 price objective (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Voya Financial presently has an average rating of “Hold” and a consensus price target of $82.83.

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.