Royal Bank Of Canada reissued their buy rating on shares of Voya Financial, Inc. (NYSE:VOYA) in a research report released on Thursday, November 2nd. They currently have a $50.00 target price on the asset manager’s stock.
A number of other analysts have also issued reports on VOYA. ValuEngine upgraded shares of Voya Financial from a buy rating to a strong-buy rating in a research note on Tuesday, July 11th. Wells Fargo & Company reiterated a buy rating on shares of Voya Financial in a research note on Tuesday, August 1st. BidaskClub raised Voya Financial from a hold rating to a buy rating in a research report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Voya Financial in a research report on Wednesday, October 18th. They set a buy rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Voya Financial presently has a consensus rating of Buy and an average target price of $47.70.
Shares of Voya Financial (NYSE VOYA) traded down $0.20 on Thursday, reaching $42.19. 870,126 shares of the company traded hands, compared to its average volume of 1,525,736. The stock has a market cap of $7,560.00, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.76 and a beta of 1.62. Voya Financial has a 12-month low of $33.53 and a 12-month high of $42.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.39). The company had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same quarter last year, the firm posted ($1.24) earnings per share. research analysts anticipate that Voya Financial will post 3.03 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend is Wednesday, November 29th. Voya Financial’s payout ratio is currently -2.25%.
Several institutional investors have recently added to or reduced their stakes in the company. IFM Investors Pty Ltd purchased a new stake in shares of Voya Financial during the third quarter worth approximately $254,000. Highbridge Capital Management LLC raised its stake in shares of Voya Financial by 87.9% during the third quarter. Highbridge Capital Management LLC now owns 410,500 shares of the asset manager’s stock worth $16,375,000 after purchasing an additional 191,975 shares during the last quarter. Crestline Management LP purchased a new stake in shares of Voya Financial during the third quarter worth approximately $5,573,000. Janus Henderson Group PLC raised its stake in shares of Voya Financial by 34.6% during the third quarter. Janus Henderson Group PLC now owns 58,666 shares of the asset manager’s stock worth $2,340,000 after purchasing an additional 15,076 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of Voya Financial by 956.5% during the third quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock worth $14,744,000 after purchasing an additional 334,624 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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