Voya Financial, Inc. (VOYA) Rating Reiterated by Royal Bank Of Canada
Royal Bank Of Canada restated their buy rating on shares of Voya Financial, Inc. (NYSE:VOYA) in a research note released on Wednesday, July 12th. Royal Bank Of Canada currently has a $44.00 price objective on the asset manager’s stock.
Several other equities analysts have also recently weighed in on the company. Citigroup Inc. set a $51.00 target price on Voya Financial and gave the company a buy rating in a research note on Monday, May 8th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $50.00 target price on shares of Voya Financial in a research note on Monday, April 10th. BidaskClub raised Voya Financial from a sell rating to a hold rating in a research note on Friday, June 16th. Morgan Stanley lifted their target price on Voya Financial from $50.00 to $52.00 and gave the company an overweight rating in a research note on Wednesday, March 15th. Finally, ValuEngine raised Voya Financial from a buy rating to a strong-buy rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $46.11.
Shares of Voya Financial (NYSE VOYA) opened at 40.73 on Wednesday. The firm’s market cap is $7.57 billion. Voya Financial has a 1-year low of $26.61 and a 1-year high of $42.96. The stock has a 50 day moving average of $37.36 and a 200-day moving average of $38.14.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.18. The company had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $318.84 million. Voya Financial had a positive return on equity of 3.68% and a negative net margin of 7.67%. During the same period in the prior year, the business posted $0.79 EPS. Equities analysts anticipate that Voya Financial will post $3.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.04 annualized dividend and a yield of 0.10%. Voya Financial’s dividend payout ratio (DPR) is currently -1.04%.
In other news, insider Kevin D. Silva sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the transaction, the insider now directly owns 5,379 shares in the company, valued at $216,666.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Rodney O. Martin, Jr. purchased 8,475 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were acquired at an average price of $35.29 per share, with a total value of $299,082.75. Following the completion of the acquisition, the chairman now owns 114,221 shares of the company’s stock, valued at $4,030,859.09. The disclosure for this purchase can be found here. 0.24% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in Voya Financial during the first quarter worth about $119,000. Advisory Services Network LLC purchased a new stake in Voya Financial during the first quarter worth about $152,000. Coconut Grove Bank boosted its stake in Voya Financial by 86.0% in the first quarter. Coconut Grove Bank now owns 4,240 shares of the asset manager’s stock worth $161,000 after buying an additional 1,960 shares in the last quarter. US Bancorp DE boosted its stake in Voya Financial by 135.7% in the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock worth $176,000 after buying an additional 2,663 shares in the last quarter. Finally, Barings LLC purchased a new stake in Voya Financial during the fourth quarter worth about $204,000.
Voya Financial Company Profile
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
Receive News & Stock Ratings for Voya Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial Inc. and related stocks with our FREE daily email newsletter.