Voya Financial (NYSE:VOYA) PT Raised to $80.00 at Jefferies Financial Group

Voya Financial (NYSE:VOYA) had its target price upped by Jefferies Financial Group from $78.00 to $80.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a hold rating on the asset manager’s stock.

A number of other research firms have also recently weighed in on VOYA. Evercore ISI upped their price objective on shares of Voya Financial from $79.00 to $80.00 and gave the stock an outperform rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their price objective on shares of Voya Financial from $91.00 to $92.00 and gave the stock an overweight rating in a research report on Friday, May 10th. Piper Sandler upped their price objective on shares of Voya Financial from $78.00 to $86.00 and gave the stock an overweight rating in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their target price on shares of Voya Financial from $85.00 to $88.00 and gave the stock an overweight rating in a report on Tuesday, July 2nd. Finally, Bank of America upped their target price on shares of Voya Financial from $80.00 to $83.00 and gave the stock a buy rating in a report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Voya Financial has a consensus rating of Moderate Buy and a consensus target price of $83.80.

Voya Financial Stock Performance

VOYA opened at $71.63 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a fifty day moving average price of $72.93 and a 200 day moving average price of $71.28. Voya Financial has a 1 year low of $63.02 and a 1 year high of $77.00. The stock has a market cap of $7.21 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.52 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.69 earnings per share. Equities research analysts anticipate that Voya Financial will post 8.42 earnings per share for the current year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, May 24th. Voya Financial’s dividend payout ratio is currently 22.73%.

Insider Activity at Voya Financial

In related news, Director Yvette S. Butler sold 2,165 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Voya Financial

Hedge funds have recently modified their holdings of the company. Chilton Capital Management LLC purchased a new position in Voya Financial during the fourth quarter worth about $26,000. SYSTM Wealth Solutions LLC boosted its stake in Voya Financial by 56.2% during the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after buying an additional 149 shares during the period. FinTrust Capital Advisors LLC purchased a new position in Voya Financial during the first quarter worth about $43,000. Venturi Wealth Management LLC boosted its stake in Voya Financial by 213.2% during the first quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock worth $44,000 after buying an additional 405 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Voya Financial during the fourth quarter worth about $49,000. 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.