Voya Financial, Inc. (NYSE:VOYA) Stock Has Consensus Target Price of $103.69 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Voya Financial, with seven buy ratings, one strong-buy rating, four holds and one sell. The average 12-month price target is $103.69, above the stock’s reported $93.92 opening price.
• Recent analyst actions were mixed but generally favorable: UBS, TD Cowen and Barclays raised their price targets, while JPMorgan and Wells Fargo cut theirs and retained neutral or equal-weight ratings.
• Voya reported quarterly EPS of $1.51, missing the $1.98 consensus estimate, while revenue fell 4.3% year over year to $1.88 billion. The company also pays a quarterly dividend of $0.47, or $1.88 annualized, yielding about 2.0%.

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $103.69.

VOYA has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Voya Financial from $109.00 to $105.00 and set a "neutral" rating on the stock in a report on Thursday. UBS Group upped their price target on Voya Financial from $125.00 to $127.00 and gave the stock a "buy" rating in a report on Tuesday, October 6th. TD Cowen upped their price target on Voya Financial from $112.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Wells Fargo & Company lowered their price target on Voya Financial from $104.00 to $102.00 and set an "equal weight" rating for the company in a research report on Monday, October 12th. Finally, Barclays raised their price objective on Voya Financial from $105.00 to $109.00 and gave the company an "overweight" rating in a research note on Wednesday, October 7th.

Voya Financial Price Performance

Shares of NYSE VOYA opened at $93.92 on Friday. Voya Financial has a fifty-two week low of $64.50 and a fifty-two week high of $105.64. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. The firm's 50-day simple moving average is $99.21 and its 200 day simple moving average is $90.72.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.47). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 earnings per share. As a group, research analysts anticipate 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 was paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th were issued a $0.47 dividend. The ex-dividend date was Wednesday, August 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.0%. Voya Financial's dividend payout ratio is currently 31.70%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VOYA. Danske Bank A S bought a new stake in Voya Financial in the 2nd quarter worth about $27,000. Root Financial Partners LLC lifted its position in shares of Voya Financial by 59.6% during the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager's stock worth $39,000 after buying an additional 214 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Voya Financial in the 2nd quarter worth approximately $48,000. Versant Capital Management Inc boosted its stake in shares of Voya Financial by 29.6% in the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager's stock worth $66,000 after buying an additional 159 shares during the last quarter. Finally, MV Capital Management Inc. bought a new position in shares of Voya Financial in the fourth quarter valued at approximately $74,000. 96.10% of the stock is owned by institutional investors.

About Voya Financial

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya's retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.

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