A number of research firms have changed their ratings and price targets for Voya Financial (NYSE: VOYA):
- 8/20/2019 – Voya Financial had its price target lowered by analysts at Morgan Stanley from $64.00 to $63.00. They now have an “overweight” rating on the stock.
- 8/8/2019 – Voya Financial was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
- 8/7/2019 – Voya Financial was given a new $64.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
- 8/7/2019 – Voya Financial was given a new $60.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
- 7/10/2019 – Voya Financial had its price target raised by analysts at Morgan Stanley from $62.00 to $66.00. They now have an “overweight” rating on the stock.
VOYA stock traded up $0.36 during midday trading on Thursday, reaching $50.83. 23,101 shares of the company’s stock traded hands, compared to its average volume of 1,574,862. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 0.44 and a beta of 1.46. The firm’s fifty day moving average price is $54.14 and its 200-day moving average price is $52.56. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.47. Voya Financial Inc has a 52 week low of $36.66 and a 52 week high of $57.57.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 6th. The asset manager reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.05. Voya Financial had a net margin of 6.16% and a return on equity of 8.47%. The business had revenue of $278.00 million during the quarter, compared to analyst estimates of $314.19 million. During the same quarter in the previous year, the business posted $1.13 EPS. Analysts forecast that Voya Financial Inc will post 5.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be paid a $0.15 dividend. This is a positive change 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 1.18%. Voya Financial’s dividend payout ratio is presently 0.99%.
In other news, insider Patricia J. Walsh sold 1,870 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total value of $100,400.30. Following the completion of the sale, the insider now owns 27,488 shares in the company, valued at approximately $1,475,830.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Byron H. Pollitt, Jr. bought 1,000 shares of Voya Financial stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $49.30 per share, with a total value of $49,300.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,500 shares of company stock valued at $125,555. Company insiders own 1.69% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Voya Financial by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,090,289 shares of the asset manager’s stock valued at $83,902,000 after acquiring an additional 409,431 shares during the period. Geode Capital Management LLC increased its stake in Voya Financial by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,491,333 shares of the asset manager’s stock valued at $59,819,000 after acquiring an additional 5,846 shares during the period. Nisa Investment Advisors LLC bought a new stake in Voya Financial in the first quarter valued at about $182,000. Grove Bank & Trust increased its stake in Voya Financial by 8.6% in the first quarter. Grove Bank & Trust now owns 10,505 shares of the asset manager’s stock valued at $525,000 after acquiring an additional 830 shares during the period. Finally, Bank of Montreal Can increased its stake in Voya Financial by 1.5% in the first quarter. Bank of Montreal Can now owns 33,697 shares of the asset manager’s stock valued at $1,682,000 after acquiring an additional 507 shares during the period.
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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