Voya Financial, Inc. (NYSE:VOYA) Given Average Rating of "Hold" by Analysts

Key Points

• Voya Financial has received a consensus rating of "Hold" from eleven research firms, with one sell rating, four holds, and six buy ratings. The average price target is set at $83.70.
• The company reported a $2.40 earnings per share (EPS), surpassing estimates of $2.09, with revenues of $1.98 billion for the quarter.
• Voya Financial announced a quarterly dividend of $0.45 per share, translating to an annualized dividend yield of 2.3% with a payout ratio of 36%.

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have been given a consensus rating of "Hold" by the eleven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $83.70.

A number of equities analysts have issued reports on the company. Barclays increased their price target on Voya Financial from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Royal Bank Of Canada raised their price target on Voya Financial from $80.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Evercore ISI lifted their target price on Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. UBS Group lifted their price target on Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. lifted their target price on Voya Financial from $80.00 to $89.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th.

Voya Financial Trading Up 1.2%

Shares of NYSE VOYA opened at $76.64 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $7.39 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.00. Voya Financial has a 1-year low of $52.43 and a 1-year high of $84.30. The business has a fifty day moving average price of $73.19 and a 200 day moving average price of $68.15.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.31. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.18 EPS. Equities research analysts expect that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, August 26th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. Voya Financial's dividend payout ratio is currently 36.00%.

Institutional Investors Weigh In On Voya Financial

A number of large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in Voya Financial by 23.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager's stock valued at $384,849,000 after buying an additional 1,095,190 shares during the last quarter. Bank of New York Mellon Corp raised its position in Voya Financial by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 5,539,009 shares of the asset manager's stock valued at $393,270,000 after purchasing an additional 407,426 shares during the period. Wellington Management Group LLP increased its position in shares of Voya Financial by 5.4% during the first quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager's stock worth $373,505,000 after acquiring an additional 280,316 shares during the last quarter. Kelly Financial Group LLC purchased a new stake in shares of Voya Financial during the first quarter worth about $270,680,000. Finally, Pzena Investment Management LLC increased its holdings in Voya Financial by 1.7% in the second quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager's stock valued at $259,949,000 after buying an additional 62,093 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company's stock.

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.

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