Voya Financial, Inc. (NYSE:VOYA) Receives Average Rating of “Hold” from Brokerages

Voya Financial, Inc. (NYSE:VOYA) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $81.92.

A number of equities research analysts have issued reports on the stock. Barclays set a $70.00 price target on shares of Voya Financial in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on shares of Voya Financial from $80.00 to $83.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. 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. Finally, Morgan Stanley upped their price target on shares of Voya Financial from $70.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, May 19th.

Insider Activity at Voya Financial

In related 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 completion of the sale, the director now owns 355 shares in the company, valued at approximately $23,493.90. This trade represents a 82.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Voya Financial

Several hedge funds have recently made changes to their positions in the stock. Wealthspire Advisors LLC lifted its stake in shares of Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after buying an additional 148 shares during the period. CIBC Asset Management Inc raised its position in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after purchasing an additional 177 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Voya Financial by 81.0% during the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after purchasing an additional 183 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after purchasing an additional 184 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in Voya Financial by 3.1% during the first quarter. Greenleaf Trust now owns 6,301 shares of the asset manager’s stock valued at $427,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 96.10% of the company’s stock.

Voya Financial Trading Up 1.3%

Shares of NYSE:VOYA opened at $66.99 on Wednesday. The stock has a market capitalization of $6.45 billion, a PE ratio of 10.95, a P/E/G ratio of 0.48 and a beta of 0.95. Voya Financial has a 1 year low of $52.43 and a 1 year high of $84.30. The firm has a fifty day moving average price of $62.60 and a 200 day moving average price of $68.64. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 6th. The asset manager reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.56. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Voya Financial’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. Analysts expect that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, May 27th. Voya Financial’s payout ratio is presently 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.