Shares of Voya Financial, Inc. (NYSE:VOYA – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $92.86 and last traded at $92.8690, with a volume of 116518 shares changing hands. The stock had previously closed at $92.36.
Wall Street Analyst Weigh In
A number of research firms have recently commented on VOYA. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Wells Fargo & Company raised their target price on Voya Financial from $80.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Bank of America lowered their target price on Voya Financial from $72.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. TD Cowen started coverage on shares of Voya Financial in a research report on Monday, April 20th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, Royal Bank Of Canada upped their price target on shares of Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.73.
Get Our Latest Stock Analysis on Voya Financial
Voya Financial Stock Performance
Voya Financial (NYSE:VOYA – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 EPS. Analysts predict that Voya Financial, Inc. will post 9.6 EPS for the current fiscal year.
Voya Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.0%. Voya Financial’s payout ratio is 28.40%.
Insider Activity at Voya Financial
In related news, insider Trevor Ogle sold 3,994 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider owned 2,887 shares in the company, valued at $259,830. This trade represents a 58.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is currently owned by corporate insiders.
Institutional Trading of Voya Financial
A number of hedge funds have recently bought and sold shares of VOYA. Wellington Management Group LLP increased its position in shares of Voya Financial by 5.4% in the fourth quarter. Wellington Management Group LLP now owns 4,492,908 shares of the asset manager’s stock worth $334,677,000 after acquiring an additional 230,877 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Voya Financial by 1.3% in the 1st quarter. Pzena Investment Management LLC now owns 3,673,118 shares of the asset manager’s stock valued at $250,947,000 after acquiring an additional 46,906 shares in the last quarter. Boston Partners boosted its stake in Voya Financial by 1.8% in the 4th quarter. Boston Partners now owns 3,557,281 shares of the asset manager’s stock worth $265,363,000 after purchasing an additional 61,962 shares during the period. Ameriprise Financial Inc. boosted its stake in Voya Financial by 6.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock worth $242,716,000 after purchasing an additional 219,130 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Voya Financial by 1.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,706,354 shares of the asset manager’s stock worth $201,596,000 after purchasing an additional 44,053 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Voya Financial
- How Does D-Wave’s New Simulator Change the Quantum Computing Landscape?
- Amazon’s Pullback Deepens as a New FTC Risk Hits the Stock
- The Biotech Sector Looks Ready for a Multi-Year Breakout—Here’s What to Watch.
- How Intel Is Packaging the Future of American Chips
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.
