Voya Financial Inc (NYSE:VOYA) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $59.20.
Several brokerages have recently weighed in on VOYA. Royal Bank of Canada set a $60.00 target price on Voya Financial and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded Voya Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley set a $64.00 target price on Voya Financial and gave the stock a “buy” rating in a research report on Wednesday, August 7th.
Shares of NYSE VOYA traded up $0.75 on Friday, hitting $49.22. The company had a trading volume of 2,012,066 shares, compared to its average volume of 1,457,169. Voya Financial has a 12-month low of $36.66 and a 12-month high of $57.57. The business has a 50 day moving average of $54.69 and a two-hundred day moving average of $52.57. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $6.79 billion, a P/E ratio of 12.18, a PEG ratio of 0.43 and a beta of 1.46.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 6th. The asset manager reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.05. Voya Financial had a return on equity of 8.47% and a net margin of 6.16%. The company had revenue of $278.00 million during the quarter, compared to the consensus estimate of $314.19 million. During the same quarter in the prior year, the business earned $1.13 earnings per share. On average, sell-side analysts anticipate that Voya Financial will post 5.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be given a $0.15 dividend. This is an increase from Voya Financial’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. Voya Financial’s dividend payout ratio is presently 0.99%.
In related news, insider Patricia J. Walsh sold 1,870 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $53.69, for a total value of $100,400.30. Following the completion of the transaction, the insider now owns 27,488 shares of the company’s stock, valued at $1,475,830.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Byron H. Pollitt, Jr. purchased 1,000 shares of Voya Financial stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average cost of $51.26 per share, with a total value of $51,260.00. The disclosure for this purchase can be found here. Insiders bought 2,500 shares of company stock valued at $125,555 in the last ninety days. Company insiders own 1.69% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of VOYA. Nuveen Asset Management LLC boosted its holdings in Voya Financial by 4,011.9% in the second quarter. Nuveen Asset Management LLC now owns 4,667,991 shares of the asset manager’s stock valued at $258,140,000 after purchasing an additional 4,554,466 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Voya Financial by 22.3% in the second quarter. Bank of New York Mellon Corp now owns 6,322,502 shares of the asset manager’s stock valued at $349,634,000 after purchasing an additional 1,151,587 shares during the last quarter. Scout Investments Inc. boosted its holdings in Voya Financial by 94.9% in the first quarter. Scout Investments Inc. now owns 2,336,388 shares of the asset manager’s stock valued at $116,726,000 after purchasing an additional 1,137,895 shares during the last quarter. Carillon Tower Advisers Inc. boosted its holdings in Voya Financial by 87.8% in the first quarter. Carillon Tower Advisers Inc. now owns 1,574,587 shares of the asset manager’s stock valued at $78,666,000 after purchasing an additional 736,112 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Voya Financial by 118.2% in the second quarter. Royal Bank of Canada now owns 908,588 shares of the asset manager’s stock valued at $50,247,000 after purchasing an additional 492,255 shares during the last quarter.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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