Analysts Set Voya Financial, Inc. (NYSE:VOYA) Target Price at $86.33

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $86.3333.

Several research firms recently issued reports on VOYA. Wells Fargo & Company upped their target price on shares of Voya Financial from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research 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 and set a $93.00 price target on shares of Voya Financial in a research note on Monday, December 15th. Finally, Wall Street Zen cut Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cascade Investment Advisors Inc. lifted its stake in Voya Financial by 2.5% in the fourth quarter. Cascade Investment Advisors Inc. now owns 27,230 shares of the asset manager’s stock worth $2,028,000 after purchasing an additional 675 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Voya Financial in the fourth quarter worth approximately $77,000. Net Worth Advisory Group raised its holdings in shares of Voya Financial by 22.2% in the fourth quarter. Net Worth Advisory Group now owns 11,142 shares of the asset manager’s stock worth $830,000 after buying an additional 2,025 shares during the period. Diversified Trust Co. lifted its stake in shares of Voya Financial by 45.4% during the 4th quarter. Diversified Trust Co. now owns 10,473 shares of the asset manager’s stock worth $780,000 after acquiring an additional 3,270 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Voya Financial by 35.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,709 shares of the asset manager’s stock valued at $1,535,000 after acquiring an additional 5,109 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

VOYA stock opened at $74.63 on Thursday. The company has a market cap of $7.10 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial has a 1 year low of $52.43 and a 1 year high of $79.99. The stock’s fifty day moving average price is $73.46 and its 200-day moving average price is $73.64.

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

Voya Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.5%. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is 32.30%.

About Voya Financial

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.