Voya Financial, Inc. (NYSE:VOYA) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Voya Financial, with eight buy ratings, one strong buy, three holds and one sell. The average 12-month price target is $103.85.
• Voya reported quarterly earnings of $1.51 per share, missing the $1.98 consensus estimate, while revenue declined 4.3% year over year to $1.88 billion.
• The company declared a quarterly dividend of $0.47 per share, equivalent to $1.88 annually and a 1.9% yield; institutional investors own 96.1% of outstanding shares.

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $103.8462.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Voya Financial from $105.00 to $109.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Wells Fargo & Company lifted their target price on shares of Voya Financial from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 19th. Morgan Stanley boosted their target price on shares of Voya Financial from $92.00 to $105.00 and gave the stock an "overweight" rating in a research report on Monday, August 24th. Jefferies Financial Group raised their price target on shares of Voya Financial from $80.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, July 10th. Finally, Evercore reiterated an "outperform" rating and set a $111.00 price objective on shares of Voya Financial in a research note on Friday, August 7th.

Voya Financial Stock Performance

Shares of VOYA opened at $100.39 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm has a market cap of $9.10 billion, a PE ratio of 16.93, a P/E/G ratio of 0.98 and a beta of 0.90. Voya Financial has a 12 month low of $64.50 and a 12 month high of $105.64. The stock has a fifty day moving average price of $100.51 and a 200-day moving average price of $87.09.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.47). Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The business had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.90 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts predict that Voya Financial will post 9.21 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be paid a $0.47 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a yield of 1.9%. Voya Financial's dividend payout ratio (DPR) is 31.70%.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Voya Financial in the second quarter valued at about $850,187,000. Bank of New York Mellon Corp acquired a new stake in shares of Voya Financial during the second quarter worth about $520,280,000. Pzena Investment Management LLC boosted its position in Voya Financial by 1.3% in the first quarter. Pzena Investment Management LLC now owns 3,673,118 shares of the asset manager's stock valued at $250,947,000 after buying an additional 46,906 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Voya Financial by 10.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager's stock worth $184,436,000 after buying an additional 248,935 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Voya Financial by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 1,827,362 shares of the asset manager's stock valued at $136,146,000 after acquiring an additional 70,208 shares during the period. Institutional investors and hedge funds own 96.10% of the company's stock.

Voya Financial Company Profile

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefits needs. Its operations are organized primarily around retirement, employee benefits and investment management.

Through its retirement business, Voya provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and financial-wellness resources.

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