Voya Financial, Inc. (NYSE:VOYA) Given Average Recommendation of “Hold” by Analysts

Voya Financial, Inc. (NYSE:VOYA) has been given a consensus rating of “Hold” by the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $81.83.

A number of equities analysts have recently issued reports on the company. Barclays set a $70.00 target price on Voya Financial in a research note on Wednesday. Bank of America reissued an “underperform” rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Keefe, Bruyette & Woods lowered their price target on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. UBS Group cut their price objective on Voya Financial from $94.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company increased their target price on Voya Financial from $69.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday.

Voya Financial Stock Performance

Shares of VOYA opened at $66.97 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.44 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. Voya Financial has a 12-month low of $52.43 and a 12-month high of $84.30. The company’s 50 day simple moving average is $62.85 and its 200-day simple moving average is $70.28.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.56. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, May 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial’s payout ratio is 29.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 183 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Voya Financial by 207.0% in 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 in the last quarter. Quarry LP purchased a new stake in shares of Voya Financial during the 4th quarter worth about $37,000. R Squared Ltd acquired a new stake in Voya Financial during the 4th quarter worth approximately $41,000. Finally, Venturi Wealth Management LLC raised its holdings in Voya Financial by 45.0% in the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

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.