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

Voya Financial, Inc. (NYSE:VOYA) has been given an average rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $85.8889.

A number of research firms recently issued reports on VOYA. Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Keefe, Bruyette & Woods lowered their target price on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Evercore reduced their price target on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research note on Monday, December 29th. Finally, Morgan Stanley lowered their price objective on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating on the stock in a research report on Tuesday.

Voya Financial Trading Down 1.0%

Shares of Voya Financial stock opened at $69.78 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $74.58 and a 200-day simple moving average of $74.04. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.48 and a beta of 0.90. Voya Financial has a 12-month low of $52.43 and a 12-month high of $79.99.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results 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). The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. Voya Financial’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. On average, equities analysts forecast that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kera Capital Partners Inc. lifted its holdings in shares of Voya Financial by 11.0% during the fourth quarter. Kera Capital Partners Inc. now owns 3,072 shares of the asset manager’s stock worth $236,000 after purchasing an additional 304 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Voya Financial in the 4th quarter worth $74,000. Invesco Ltd. lifted its stake in shares of Voya Financial by 20.4% in the 4th quarter. Invesco Ltd. now owns 386,214 shares of the asset manager’s stock worth $28,769,000 after acquiring an additional 65,380 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Voya Financial by 123.3% in the fourth quarter. Corient Private Wealth LLC now owns 64,056 shares of the asset manager’s stock valued at $4,772,000 after acquiring an additional 35,367 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Voya Financial by 82.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,603 shares of the asset manager’s stock worth $864,000 after acquiring an additional 5,242 shares during the period. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Company Profile

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.