Sandler O’Neill upgraded shares of Voya Financial, Inc. (NYSE:VOYA) from a hold rating to a buy rating in a research report report published on Monday, MarketBeat.com reports.
A number of other equities research analysts have also recently commented on VOYA. BidaskClub raised Voya Financial from a buy rating to a strong-buy rating in a report on Wednesday, August 9th. ValuEngine cut Voya Financial from a strong-buy rating to a buy rating in a report on Monday, August 7th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $51.00 target price on shares of Voya Financial in a report on Friday, November 10th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $46.00 target price (up from $44.00) on shares of Voya Financial in a report on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a buy rating on shares of Voya Financial in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Voya Financial currently has an average rating of Buy and an average price target of $47.70.
Shares of Voya Financial (NYSE:VOYA) traded up $0.11 during trading on Monday, reaching $41.53. The company had a trading volume of 1,375,100 shares, compared to its average volume of 1,533,266. Voya Financial has a one year low of $33.53 and a one year high of $42.96. The company has a market cap of $7,550.00, a PE ratio of 14.29, a P/E/G ratio of 0.75 and a beta of 1.62. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned ($1.24) earnings per share. equities research analysts anticipate that Voya Financial will post 3.03 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. Voya Financial’s dividend payout ratio (DPR) is presently -2.25%.
Several large investors have recently made changes to their positions in VOYA. Bessemer Group Inc. raised its stake in shares of Voya Financial by 0.3% during the second quarter. Bessemer Group Inc. now owns 20,110 shares of the asset manager’s stock valued at $742,000 after acquiring an additional 63 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Voya Financial by 0.9% during the second quarter. Lazard Asset Management LLC now owns 20,291 shares of the asset manager’s stock valued at $748,000 after acquiring an additional 176 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after acquiring an additional 199 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Voya Financial by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 7,497 shares of the asset manager’s stock valued at $276,000 after acquiring an additional 321 shares in the last quarter. Finally, BKS Advisors LLC raised its stake in shares of Voya Financial by 2.9% during the second quarter. BKS Advisors LLC now owns 14,265 shares of the asset manager’s stock valued at $526,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 96.62% of the company’s stock.
About Voya Financial
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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