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

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $83.55.

VOYA has been the topic of several research reports. Barclays lowered shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada reduced their price target 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. UBS Group raised Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $76.00 to $87.00 in a report on Friday. Finally, JPMorgan Chase & Co. lowered their price target 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 Trading Up 2.6 %

Shares of NYSE VOYA opened at $72.32 on Monday. Voya Financial has a twelve month low of $64.10 and a twelve month high of $84.30. The firm has a market cap of $6.91 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The business has a fifty day simple moving average of $70.45 and a two-hundred day simple moving average of $74.57. 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 (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Analysts expect that Voya Financial will post 8.39 earnings per share for the current fiscal 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 paid a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. Voya Financial’s dividend payout ratio (DPR) is 29.41%.

Institutional Trading of Voya Financial

Several large investors have recently added to or reduced their stakes in VOYA. Blue Trust Inc. boosted its holdings in shares of Voya Financial by 3,640.9% in the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 801 shares during the last quarter. Raymond James & Associates lifted its position in Voya Financial by 0.3% during the third quarter. Raymond James & Associates now owns 119,375 shares of the asset manager’s stock valued at $9,457,000 after purchasing an additional 320 shares during the period. International Assets Investment Management LLC boosted its holdings in Voya Financial by 15,513.4% in the third quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock valued at $1,657,000 after purchasing an additional 20,788 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Voya Financial by 10.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,646 shares of the asset manager’s stock worth $1,002,000 after purchasing an additional 1,150 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of Voya Financial by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after buying an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

About Voya Financial

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.