Voya Financial, Inc. (NYSE:VOYA) Receives $87.50 Consensus PT from Brokerages

Voya Financial, Inc. (NYSE:VOYA) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $87.50.

VOYA has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Wall Street Zen lowered shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Evercore decreased their price target on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Barclays raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $83.00 to $93.00 in a research report on Thursday, January 8th. Finally, Wells Fargo & Company decreased their target price on Voya Financial from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th.

Hedge Funds Weigh In On Voya Financial

A number of institutional investors have recently modified their holdings of VOYA. Allworth Financial LP increased its holdings in Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after acquiring an additional 151 shares during the period. Trail Ridge Investment Advisors LLC boosted its holdings in Voya Financial by 2.0% in the 3rd quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock valued at $622,000 after purchasing an additional 166 shares during the period. Four Tree Island Advisory LLC boosted its holdings in Voya Financial by 0.5% in the 4th quarter. Four Tree Island Advisory LLC now owns 32,532 shares of the asset manager’s stock valued at $2,423,000 after purchasing an additional 174 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Voya Financial by 4.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock valued at $338,000 after purchasing an additional 201 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Voya Financial by 1.5% during the 3rd quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock valued at $1,098,000 after purchasing an additional 215 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Stock Performance

VOYA stock opened at $67.18 on Tuesday. The firm has a market cap of $6.23 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 0.45 and a beta of 0.86. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $71.04 and a 200-day moving average price of $72.89. Voya Financial has a 1-year low of $52.43 and a 1-year high of $79.99.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.17). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS. As a group, equities research analysts expect that Voya Financial will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is 29.89%.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.