Voya Financial (NYSE:VOYA) Releases Quarterly Earnings Results, Misses Expectations By $0.20 EPS

Voya Financial (NYSE:VOYA) issued its quarterly earnings results on Tuesday. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.20), FiscalAI reports. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a return on equity of 13.89% and a net margin of 7.55%.

Voya Financial Trading Down 2.6%

NYSE:VOYA traded down $2.04 during mid-day trading on Tuesday, hitting $75.41. 1,309,557 shares of the company’s stock were exchanged, compared to its average volume of 837,057. Voya Financial has a fifty-two week low of $52.43 and a fifty-two week high of $79.99. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $7.18 billion, a P/E ratio of 12.96, a PEG ratio of 0.48 and a beta of 0.89. The company has a 50 day simple moving average of $74.66 and a 200-day simple moving average of $73.88.

Voya Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 32.30%.

Analysts Set New Price Targets

Several research firms have commented on VOYA. Wells Fargo & Company raised their target price on shares of Voya Financial from $80.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods reduced their target price on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Morgan Stanley reissued an “overweight” rating on shares of Voya Financial in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and an average price target of $86.33.

Hedge Funds Weigh In On Voya Financial

Several institutional investors have recently added to or reduced their stakes in VOYA. Allworth Financial LP grew its position in shares of Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares during the period. EverSource Wealth Advisors LLC increased its stake in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 475 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Voya Financial during the third quarter valued at about $42,000. Geneos Wealth Management Inc. raised its holdings in shares of Voya Financial by 44.0% during the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 223 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Voya Financial during the 3rd quarter worth about $85,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.