Voya Financial, Inc. (NYSE:VOYA) Receives $83.50 Consensus Target Price from Analysts

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have been given an average rating of "Hold" by the eleven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $83.50.

VOYA has been the topic of several recent analyst reports. Bank of America reaffirmed an "underperform" rating and set a $71.00 target price (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays upped their target price on Voya Financial from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. UBS Group reduced their target price on Voya Financial from $89.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company increased their price objective on Voya Financial from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Keefe, Bruyette & Woods increased their price objective on Voya Financial from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th.

Voya Financial Trading Up 0.0%

VOYA traded up $0.03 during trading hours on Thursday, reaching $71.83. 743,058 shares of the company's stock traded hands, compared to its average volume of 939,230. The firm has a 50-day moving average price of $69.27 and a 200 day moving average price of $67.54. Voya Financial has a 52-week low of $52.43 and a 52-week high of $84.30. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6.91 billion, a PE ratio of 13.55, a PEG ratio of 0.67 and a beta of 1.00.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.56. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. Voya Financial's revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. As a group, sell-side analysts predict that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th were paid a $0.45 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.51%. Voya Financial's payout ratio is presently 33.96%.

Insider Buying and Selling

In related news, Director Yvette S. Butler sold 1,700 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $66.18, for a total transaction of $112,506.00. Following the completion of the transaction, the director directly owned 355 shares of the company's stock, valued at $23,493.90. The trade was a 82.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.99% of the stock is owned by insiders.

Institutional Trading of Voya Financial

A number of institutional investors have recently bought and sold shares of VOYA. Cascade Investment Advisors Inc. boosted its position in shares of Voya Financial by 1.9% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 26,100 shares of the asset manager's stock valued at $1,853,000 after purchasing an additional 475 shares during the period. Pzena Investment Management LLC raised its stake in Voya Financial by 1.7% during the 2nd quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager's stock valued at $259,949,000 after acquiring an additional 62,093 shares during the last quarter. MGO One Seven LLC raised its stake in Voya Financial by 0.4% during the 2nd quarter. MGO One Seven LLC now owns 141,478 shares of the asset manager's stock valued at $10,045,000 after acquiring an additional 543 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Voya Financial by 2.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 171,719 shares of the asset manager's stock valued at $12,451,000 after acquiring an additional 4,806 shares during the last quarter. Finally, Meritage Portfolio Management raised its stake in Voya Financial by 2.9% during the 2nd quarter. Meritage Portfolio Management now owns 14,431 shares of the asset manager's stock valued at $1,025,000 after acquiring an additional 401 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

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.