Voya Financial, Inc. (NYSE:VOYA) Given Consensus Rating of “Hold” by Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $83.70.

Several equities research analysts have recently issued reports on VOYA shares. Evercore ISI raised their price target on Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised their price target on shares of Voya Financial from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Barclays lifted their target price on shares of Voya Financial from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Morgan Stanley boosted their price objective on shares of Voya Financial from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Voya Financial from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th.

Hedge Funds Weigh In On Voya Financial

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of Voya Financial by 42.4% during the 4th quarter. Cetera Investment Advisers now owns 7,391 shares of the asset manager’s stock worth $509,000 after buying an additional 2,200 shares during the last quarter. Deutsche Bank AG lifted its stake in Voya Financial by 185.4% in the fourth quarter. Deutsche Bank AG now owns 55,284 shares of the asset manager’s stock valued at $3,805,000 after acquiring an additional 120,010 shares during the last quarter. Ethic Inc. lifted its stake in Voya Financial by 4.0% in the 4th quarter. Ethic Inc. now owns 12,049 shares of the asset manager’s stock valued at $829,000 after purchasing an additional 465 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Voya Financial by 3.5% in the 4th quarter. Janus Henderson Group PLC now owns 44,116 shares of the asset manager’s stock valued at $3,036,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Voya Financial in the 4th quarter valued at about $879,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $76.64 on Friday. The stock has a fifty day moving average of $73.19 and a 200-day moving average of $68.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.28 and a current ratio of 0.28. Voya Financial has a one year low of $52.43 and a one year high of $84.30. The company has a market capitalization of $7.39 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.00.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.31. Voya Financial had a net margin of 6.73% and a return on equity of 13.72%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $2.18 earnings per share. Voya Financial’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, August 26th. Voya Financial’s dividend payout ratio is 36.00%.

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.