Analysts Set Voya Financial, Inc. (NYSE:VOYA) Price Target at $83.55

Voya Financial, Inc. (NYSE:VOYA) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $83.55.

Several brokerages recently issued reports on VOYA. Royal Bank of Canada lowered their target price on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Bank of America reissued a “neutral” rating and issued a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lowered their price objective on Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Evercore ISI lowered their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th.

Voya Financial Stock Down 0.9 %

Shares of NYSE:VOYA opened at $67.77 on Friday. The firm has a market cap of $6.47 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.30 and a debt-to-equity ratio of 0.59. Voya Financial has a 12-month low of $64.10 and a 12-month high of $84.30. The business has a fifty day simple moving average of $70.43 and a 200 day simple moving average of $74.53.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Analysts predict that Voya Financial will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

Institutional Trading of Voya Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. Quarry LP acquired a new position in Voya Financial during the 4th quarter valued at about $37,000. R Squared Ltd acquired a new position in Voya Financial during the 4th quarter valued at about $41,000. Finally, Venturi Wealth Management LLC boosted its stake in Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 201 shares during the last quarter. 96.10% of the stock is owned by institutional investors.

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.