Voya Financial (NYSE:VOYA) Posts Earnings Results, Misses Estimates By $0.17 EPS

Voya Financial (NYSE:VOYA) announced its earnings results on Tuesday. The asset manager reported $1.94 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.17), FiscalAI reports. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a return on equity of 14.16% and a net margin of 7.99%.Voya Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS.

Voya Financial Stock Up 0.6%

VOYA traded up $0.47 during midday trading on Thursday, hitting $73.22. 77,272 shares of the company’s stock traded hands, compared to its average volume of 908,150. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $6.97 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.47 and a beta of 0.89. The stock’s fifty day simple moving average is $74.79 and its 200-day simple moving average is $73.89. Voya Financial has a one year low of $52.43 and a one year high of $79.99.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s dividend payout ratio (DPR) is currently 29.89%.

Analyst Ratings Changes

VOYA has been the topic of a number of research reports. Royal Bank Of Canada dropped their price objective on Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. UBS Group set a $90.00 price objective on shares of Voya Financial in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating on shares of Voya Financial in a research note on Thursday, January 22nd. Barclays upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Finally, Wall Street Zen cut Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.56.

Institutional Investors Weigh In On Voya Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in shares of Voya Financial by 75.5% during the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after buying an additional 151 shares during the period. EverSource Wealth Advisors LLC grew its position in Voya Financial by 625.0% in the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 475 shares during the period. Fulcrum Asset Management LLP bought a new position in Voya Financial during the 3rd quarter valued at about $42,000. Geneos Wealth Management Inc. boosted its holdings in shares of Voya Financial by 44.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock worth $49,000 after acquiring an additional 223 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Voya Financial in the third quarter worth about $85,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.

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.