Voya Financial, Inc. (NYSE:VOYA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Voya Financial, Inc. (NYSE:VOYA) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $88.30.

VOYA has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Weiss Ratings upgraded Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Royal Bank Of Canada boosted their price target on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Voya Financial from $89.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hudson Bay Capital Management LP increased its stake in shares of Voya Financial by 21.1% in the third quarter. Hudson Bay Capital Management LP now owns 151,462 shares of the asset manager’s stock valued at $11,329,000 after buying an additional 26,346 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Voya Financial by 3.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,662,301 shares of the asset manager’s stock valued at $199,140,000 after buying an additional 88,151 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Voya Financial by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock valued at $181,901,000 after buying an additional 43,513 shares during the period. Cadence Bank increased its stake in shares of Voya Financial by 59.9% in the third quarter. Cadence Bank now owns 49,299 shares of the asset manager’s stock valued at $3,688,000 after buying an additional 18,462 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Voya Financial by 148.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 151,883 shares of the asset manager’s stock valued at $11,361,000 after buying an additional 90,764 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

Voya Financial stock opened at $82.32 on Wednesday. Voya Financial has a 12-month low of $64.50 and a 12-month high of $84.00. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $74.78 and its two-hundred day moving average price is $73.65. The stock has a market cap of $7.46 billion, a PE ratio of 12.44, a P/E/G ratio of 0.75 and a beta of 0.94.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, May 5th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the business posted $2.00 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts expect that Voya Financial will post 9.61 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, May 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.3%. Voya Financial’s dividend payout ratio is currently 28.40%.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.