Voya Financial (NYSE:VOYA) Receives Outperform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Voya Financial (NYSE:VOYA) in a research report report published on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $82.00 price target on the asset manager’s stock.

VOYA has been the subject of several other research reports. Barclays raised Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $83.00 to $93.00 in a research report on Thursday, January 8th. Wall Street Zen cut Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Evercore decreased their target price on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. UBS Group set a $90.00 price target on Voya Financial in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and an average target price of $85.67.

Voya Financial Stock Performance

VOYA opened at $68.80 on Thursday. The company has a market cap of $6.38 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 0.46 and a beta of 0.90. The stock has a 50-day moving average of $71.81 and a 200-day moving average of $73.21. Voya Financial has a 52-week low of $52.43 and a 52-week high of $79.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts forecast that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.7%. Voya Financial’s dividend payout ratio is 29.89%.

Institutional Trading of Voya Financial

A number of large investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new position in shares of Voya Financial in the 3rd quarter valued at about $26,000. Allworth Financial LP lifted its stake in Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Voya Financial in the 4th quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in Voya Financial during the 4th quarter valued at $33,000. Finally, Systematic Financial Management LP bought a new position in Voya Financial during the fourth quarter worth $37,000. 96.10% of the stock is owned by institutional investors.

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.