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

Key Points

• Voya Financial, Inc. has a consensus rating of "Moderate Buy", with seven buy ratings, three hold ratings, and one sell rating from brokerage analysts.
• The average 12-month price target for Voya Financial stock is $83.70, reflecting positive sentiment from recent price target upgrades by several firms.
• Voya Financial recently declared a quarterly dividend of $0.45, resulting in an annual yield of approximately 2.4%, with a payout ratio of 36.00%.

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $83.70.

VOYA has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Voya Financial from $87.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Evercore ISI boosted their price target on shares of Voya Financial from $84.00 to $86.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Weiss Ratings restated a "buy (b-)" rating on shares of Voya Financial in a research note on Saturday, September 27th. 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. Finally, Wells Fargo & Company raised their price target on Voya Financial from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th.

Institutional Investors Weigh In On Voya Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of Voya Financial by 225.6% during the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager's stock worth $31,000 after buying an additional 300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Voya Financial by 149.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager's stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Voya Financial by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager's stock worth $39,000 after acquiring an additional 475 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Voya Financial in the 1st quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Voya Financial by 44.0% in the first quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager's stock valued at $49,000 after purchasing an additional 223 shares during the period. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Performance

NYSE:VOYA opened at $75.42 on Tuesday. Voya Financial has a 12 month low of $52.43 and a 12 month high of $84.30. 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 firm has a market capitalization of $7.27 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 0.56 and a beta of 0.98. The business's fifty day moving average price is $74.39 and its 200 day moving average price is $68.96.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The asset manager reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.31. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.94 billion. Voya Financial had a return on equity of 13.72% and a net margin of 6.73%.The business's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.18 EPS. On average, sell-side analysts anticipate that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, August 26th were given a $0.45 dividend. The ex-dividend date was Tuesday, August 26th. This represents a $1.80 annualized dividend and a yield of 2.4%. Voya Financial's dividend payout ratio is 36.00%.

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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