Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have been assigned an average recommendation of "Hold" from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $82.08.

Several research firms recently weighed in on VOYA. Bank of America restated an "underperform" rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Morgan Stanley reaffirmed an "overweight" rating and set a $88.00 target price (up from $86.00) on shares of Voya Financial in a research report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their target price on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company raised their price objective on shares of Voya Financial from $69.00 to $76.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Voya Financial from $80.00 to $83.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th.

Insider Transactions at Voya Financial

In other news, Director Yvette S. Butler sold 1,700 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $66.18, for a total value of $112,506.00. Following the sale, the director directly owned 355 shares of the company's stock, valued at approximately $23,493.90. This represents a 82.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Voya Financial

Hedge funds have recently bought and sold shares of the company. Vident Advisory LLC purchased a new position in shares of Voya Financial during the 4th quarter valued at $250,000. Victory Capital Management Inc. boosted its stake in Voya Financial by 3.6% during the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock valued at $22,561,000 after buying an additional 11,336 shares during the period. Wealthfront Advisers LLC purchased a new position in Voya Financial during the fourth quarter worth about $67,214,000. Amundi increased its stake in Voya Financial by 19.2% in the 4th quarter. Amundi now owns 237,070 shares of the asset manager's stock worth $16,206,000 after acquiring an additional 38,169 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Voya Financial by 6.6% in the 4th quarter. Russell Investments Group Ltd. now owns 162,957 shares of the asset manager's stock worth $11,216,000 after acquiring an additional 10,146 shares during the last quarter. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Down 0.1%

Shares of NYSE VOYA traded down $0.08 during mid-day trading on Friday, reaching $72.43. 342,822 shares of the company's stock traded hands, compared to its average volume of 884,339. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day simple moving average of $66.09 and a 200 day simple moving average of $67.04. The stock has a market cap of $6.97 billion, a P/E ratio of 13.67, a PEG ratio of 0.59 and a beta of 1.00. Voya Financial has a 1-year low of $52.43 and a 1-year high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) 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 the consensus estimate of $1.94 billion. Voya Financial had a return on equity of 14.05% and a net margin of 7.18%. The company's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS. On average, analysts expect that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Tuesday, May 27th. Voya Financial's payout ratio is currently 33.96%.

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.