Voya Financial, Inc. (NYSE:VOYA) Receives $85.00 Average PT from Analysts

Shares of Voya Financial, Inc. (NYSE:VOYA) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $84.70.

A number of research analysts have weighed in on VOYA shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a report on Wednesday, October 8th. Barclays upped their price target on shares of Voya Financial from $81.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on shares of Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday. Evercore ISI upped their target price on shares of Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Voya Financial from $83.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th.

Voya Financial Stock Down 0.6%

Shares of Voya Financial stock opened at $72.02 on Friday. Voya Financial has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $74.70 and its 200 day moving average is $70.97. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.50 and a beta of 0.99.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.12 EPS. Research analysts anticipate that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Wednesday, November 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.6%. This is a boost from Voya Financial’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 30.93%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Voya Financial during the 3rd quarter valued at approximately $26,000. IFP Advisors Inc lifted its holdings in Voya Financial by 225.6% during the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 300 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Voya Financial by 149.2% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock worth $34,000 after purchasing an additional 288 shares during the period. Rothschild Investment LLC increased its stake in shares of Voya Financial by 5,180.0% in the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after purchasing an additional 518 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock worth $39,000 after purchasing an additional 475 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Company 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.