Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Rating of "Moderate Buy" from Analysts

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $82.50.

Several research analysts have recently weighed in on the stock. Evercore ISI upped their target price on shares of Voya Financial from $79.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, April 11th. Wells Fargo & Company increased their price objective on shares of Voya Financial from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Royal Bank of Canada reduced their price objective on shares of Voya Financial from $85.00 to $83.00 and set an "outperform" rating on the stock in a research note on Thursday, February 8th. Morgan Stanley reduced their price objective on shares of Voya Financial from $79.00 to $78.00 and set an "overweight" rating on the stock in a research note on Friday, March 1st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $82.00 price objective on shares of Voya Financial in a research note on Monday, January 8th.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently modified their holdings of VOYA. Signaturefd LLC grew its position in Voya Financial by 2.9% in the 4th quarter. Signaturefd LLC now owns 5,156 shares of the asset manager's stock valued at $376,000 after buying an additional 147 shares in the last quarter. SYSTM Wealth Solutions LLC grew its position in Voya Financial by 56.2% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager's stock valued at $31,000 after buying an additional 149 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Voya Financial by 1.3% during the 4th quarter. Panagora Asset Management Inc. now owns 13,115 shares of the asset manager's stock valued at $957,000 after purchasing an additional 169 shares in the last quarter. FCA Corp TX boosted its position in shares of Voya Financial by 0.5% during the 4th quarter. FCA Corp TX now owns 42,440 shares of the asset manager's stock valued at $3,096,000 after purchasing an additional 195 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Voya Financial by 12.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,770 shares of the asset manager's stock valued at $118,000 after purchasing an additional 196 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Trading Down 1.3 %

VOYA traded down $0.91 during trading on Tuesday, hitting $68.16. 1,081,516 shares of the company's stock were exchanged, compared to its average volume of 892,358. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.55. Voya Financial has a 1 year low of $63.02 and a 1 year high of $77.28. The stock has a 50 day moving average price of $69.73 and a 200 day moving average price of $70.36. The firm has a market cap of $6.91 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 0.46 and a beta of 1.06.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $304.66 million. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. As a group, analysts expect that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.35%. Voya Financial's dividend payout ratio (DPR) is 29.47%.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.