Voya Financial, Inc. (NYSE:VOYA) Receives Average Recommendation of “Moderate Buy” from Analysts

Voya Financial, Inc. (NYSE:VOYA) has been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $82.50.

VOYA has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $82.00 target price on shares of Voya Financial in a report on Monday, January 8th. Evercore ISI increased their target price on shares of Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley reduced their target price on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Wells Fargo & Company increased their target price on shares of Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada cut their price target on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th.

Institutional Investors Weigh In On Voya Financial

A number of large investors have recently modified their holdings of VOYA. Chilton Capital Management LLC purchased a new position in Voya Financial during the 4th quarter valued at about $26,000. SYSTM Wealth Solutions LLC lifted its position in Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 149 shares during the period. Clearstead Advisors LLC purchased a new position in Voya Financial during the 3rd quarter valued at about $33,000. Venturi Wealth Management LLC lifted its position in Voya Financial by 213.2% during the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 405 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Voya Financial during the 4th quarter valued at about $49,000. Institutional investors own 96.10% of the company’s stock.

Voya Financial Stock Performance

Voya Financial stock opened at $69.04 on Tuesday. The firm’s fifty day moving average price is $69.73 and its 200-day moving average price is $70.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $7.00 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 0.46 and a beta of 1.06. Voya Financial has a fifty-two week low of $63.02 and a fifty-two week high of $77.28.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Voya Financial had a net margin of 8.51% and a return on equity of 16.60%. The firm had revenue of $236.00 million for the quarter, compared to analysts’ expectations of $304.66 million. On average, equities research analysts expect that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Friday, May 24th. Voya Financial’s payout ratio is 29.47%.

About Voya Financial

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.