Voya Financial Inc (NYSE:VOYA) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 13,204,000 shares, a drop of 6.6% from the July 31st total of 14,132,900 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is currently 10.2 days. Currently, 9.5% of the shares of the company are sold short.
Several brokerages recently commented on VOYA. Morgan Stanley dropped their target price on Voya Financial from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, August 20th. Goldman Sachs Group raised Voya Financial from a “buy” rating to a “conviction-buy” rating in a report on Thursday. ValuEngine cut Voya Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Royal Bank of Canada set a $60.00 price target on shares of Voya Financial and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Citigroup decreased their price target on shares of Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Voya Financial has a consensus rating of “Buy” and an average target price of $59.50.
In other Voya Financial news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $49.30 per share, with a total value of $49,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.69% of the company’s stock.
Shares of Voya Financial stock traded up $0.91 on Friday, hitting $54.76. 1,335,088 shares of the company traded hands, compared to its average volume of 1,382,499. The company has a 50-day moving average price of $51.42 and a 200 day moving average price of $52.73. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.47. Voya Financial has a 12-month low of $36.66 and a 12-month high of $57.57. The company has a market cap of $7.45 billion, a PE ratio of 13.55, a PEG ratio of 0.51 and a beta of 1.49.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 6th. The asset manager reported $1.52 EPS for the quarter, beating the consensus estimate of $1.47 by $0.05. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. The business had revenue of $278.00 million for the quarter, compared to analysts’ expectations of $314.19 million. During the same period in the previous year, the company posted $1.13 EPS. Equities research analysts anticipate that Voya Financial will post 5.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, August 28th. This is a positive change from Voya Financial’s previous quarterly dividend of $0.01. Voya Financial’s payout ratio is presently 14.85%.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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