Brandywine Global Investment Management LLC Purchases 15,630 Shares of Voya Financial, Inc. (NYSE:VOYA)

Brandywine Global Investment Management LLC increased its position in shares of Voya Financial, Inc. (NYSE:VOYA) by 121.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,480 shares of the asset manager’s stock after purchasing an additional 15,630 shares during the period. Brandywine Global Investment Management LLC’s holdings in Voya Financial were worth $1,960,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VOYA. Victory Capital Management Inc. increased its holdings in Voya Financial by 3.6% in the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock valued at $22,561,000 after buying an additional 11,336 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Voya Financial by 420.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock valued at $4,812,000 after acquiring an additional 52,032 shares in the last quarter. KBC Group NV increased its stake in Voya Financial by 260.5% in the fourth quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock valued at $646,000 after acquiring an additional 6,781 shares during the period. Hennessy Advisors Inc. acquired a new position in Voya Financial in the fourth quarter worth about $47,155,000. Finally, Barclays PLC lifted its stake in Voya Financial by 48.2% during the third quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock worth $3,872,000 after purchasing an additional 15,902 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Evercore ISI dropped their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Royal Bank of Canada reduced their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Piper Sandler dropped their target price 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Voya Financial presently has an average rating of “Hold” and a consensus price target of $82.83.

Voya Financial Stock Up 1.6 %

NYSE:VOYA opened at $69.06 on Thursday. The stock’s fifty day moving average price is $70.37 and its two-hundred day moving average price is $74.31. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 0.48 and a beta of 1.03. Voya Financial, Inc. has a 52-week low of $64.10 and a 52-week high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

Voya Financial (NYSE:VOYA) last posted 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, analysts anticipate that Voya Financial, Inc. will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

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.