Voya Financial, Inc. (NYSE:VOYA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Six investment 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 twelve-month price objective among brokers that have covered the stock in the last year is $83.55.

VOYA has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Evercore ISI dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th.

Voya Financial Stock Up 1.1 %

VOYA opened at $69.79 on Friday. The company’s 50-day moving average price is $70.49 and its two-hundred day moving average price is $74.51. 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 twelve month low of $64.10 and a twelve month high of $84.30. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.48 and a beta of 1.03.

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

Voya Financial Announces Dividend

The firm 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.58%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s payout ratio is 29.41%.

Institutional Trading of Voya Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in shares of Voya Financial by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock worth $22,561,000 after acquiring an additional 11,336 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Voya Financial by 420.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock valued at $4,812,000 after purchasing an additional 52,032 shares in the last quarter. KBC Group NV lifted its stake in Voya Financial by 260.5% during the fourth quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock worth $646,000 after purchasing an additional 6,781 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Voya Financial in the 4th quarter worth about $47,155,000. Finally, Barclays PLC increased its position in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock valued at $3,872,000 after purchasing an additional 15,902 shares during the last quarter. Hedge funds and other institutional investors 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.