Voya Financial, Inc. (NYSE:VOYA – Get Free Report) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $103.69.
Several research firms recently issued reports on VOYA. Weiss Ratings raised shares of Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. UBS Group increased their target price on Voya Financial from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. TD Cowen increased their price objective on Voya Financial from $112.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group lifted their price objective on Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on Voya Financial from $109.00 to $105.00 and set a “neutral” rating for the company in a report on Thursday, October 15th.
View Our Latest Analysis on VOYA
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of VOYA. BlackRock Inc. bought a new stake in Voya Financial during the 2nd quarter worth approximately $850,187,000. Bank of New York Mellon Corp acquired a new position in Voya Financial during the 2nd quarter worth about $520,280,000. Pzena Investment Management LLC bought a new stake in Voya Financial during the 2nd quarter worth about $319,539,000. Dimensional Fund Advisors LP increased its position in Voya Financial by 10.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager’s stock valued at $184,436,000 after acquiring an additional 248,935 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Voya Financial during the second quarter valued at approximately $38,757,000. Institutional investors own 96.10% of the company’s stock.
Voya Financial Stock Performance
VOYA opened at $96.26 on Friday. The stock’s 50 day simple moving average is $98.95 and its 200-day simple moving average is $91.47. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.72 billion, a PE ratio of 16.23, a P/E/G ratio of 0.97 and a beta of 0.90. Voya Financial has a 1 year low of $64.50 and a 1 year high of $105.64.
Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. Sell-side analysts forecast that Voya Financial will post 9.19 EPS for the current year.
Voya Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Wednesday, August 26th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 26th. Voya Financial’s dividend payout ratio (DPR) is currently 31.70%.
About Voya Financial
Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefit needs. Its businesses are organized primarily around Retirement, Employee Benefits and Investment Management.
Voya’s retirement business provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and advisory services. Its employee benefits operations offer products such as health, life, disability and supplemental insurance, along with benefits administration and related services for employers and their workers.
Through its investment management business, Voya provides institutional and individual investors with asset-management and advisory capabilities across a range of investment strategies.
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