Brown Advisory Inc. Sells 1,812 Shares of Voya Financial, Inc. (NYSE:VOYA)

Brown Advisory Inc. trimmed its position in Voya Financial, Inc. (NYSE:VOYA) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,893 shares of the asset manager’s stock after selling 1,812 shares during the period. Brown Advisory Inc.’s holdings in Voya Financial were worth $2,692,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. AIA Group Ltd acquired a new stake in shares of Voya Financial during the 4th quarter worth $1,717,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Voya Financial by 2.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,610,199 shares of the asset manager’s stock valued at $115,621,000 after purchasing an additional 40,000 shares during the period. abrdn plc boosted its holdings in Voya Financial by 109.9% in the fourth quarter. abrdn plc now owns 32,602 shares of the asset manager’s stock worth $2,379,000 after acquiring an additional 17,067 shares in the last quarter. Arizona State Retirement System increased its stake in Voya Financial by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 27,980 shares of the asset manager’s stock valued at $1,859,000 after purchasing an additional 403 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Voya Financial by 141.0% in the 3rd quarter. AQR Capital Management LLC now owns 315,982 shares of the asset manager’s stock valued at $20,997,000 after acquiring an additional 184,864 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Wall Street Analysts Forecast Growth

VOYA has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Evercore ISI boosted their price target on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Piper Sandler raised their target price on Voya Financial from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Wells Fargo & Company boosted their price target on shares of Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Finally, Morgan Stanley decreased their price objective on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Voya Financial has an average rating of “Moderate Buy” and a consensus target price of $83.44.

Voya Financial Trading Down 2.5 %

Voya Financial stock opened at $73.02 on Friday. Voya Financial, Inc. has a one year low of $63.02 and a one year high of $77.00. The business’s fifty day moving average is $71.34 and its 200 day moving average is $71.05. The stock has a market capitalization of $7.35 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.53 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.30. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.69 EPS. On average, sell-side analysts predict that Voya Financial, Inc. will post 8.53 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, May 24th. Voya Financial’s payout ratio is 22.73%.

About Voya Financial

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.