Voya Financial, Inc. (NYSE:VOYA) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Voya Financial, Inc. (NYSE:VOYA) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 654,996 shares of the asset manager’s stock after selling 5,500 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.68% of Voya Financial worth $45,083,000 at the end of the most recent reporting period.

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

Voya Financial Trading Up 2.7 %

NYSE VOYA opened at $66.84 on Friday. The stock has a market capitalization of $6.39 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The firm has a 50 day moving average of $70.49 and a two-hundred day moving average of $74.55. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial, Inc. has a 52 week low of $64.10 and a 52 week high of $84.30.

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

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. Voya Financial’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VOYA. Piper Sandler reduced their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Morgan Stanley raised Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $76.00 to $87.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Bank of America reiterated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on shares of Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.55.

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.