Brokerages Set Voya Financial, Inc. (NYSE:VOYA) PT at $85.89

Voya Financial, Inc. (NYSE:VOYA) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $85.8889.

Several equities analysts have weighed in on the stock. UBS Group set a $90.00 price objective on Voya Financial in a research report on Wednesday, February 4th. Royal Bank Of Canada increased their price target on shares of Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Wells Fargo & Company decreased their price target on shares of Voya Financial from $86.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Morgan Stanley cut their target price on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd.

Hedge Funds Weigh In On Voya Financial

Several hedge funds have recently bought and sold shares of VOYA. Bank of New York Mellon Corp lifted its holdings in Voya Financial by 17.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock worth $487,463,000 after purchasing an additional 977,870 shares during the last quarter. Wellington Management Group LLP grew its holdings in Voya Financial by 5.4% during the fourth quarter. Wellington Management Group LLP now owns 4,492,908 shares of the asset manager’s stock valued at $334,677,000 after purchasing an additional 230,877 shares during the last quarter. Kelly Financial Group LLC grew its holdings in Voya Financial by 1.9% during the third quarter. Kelly Financial Group LLC now owns 4,072,102 shares of the asset manager’s stock valued at $304,593,000 after purchasing an additional 77,418 shares during the last quarter. Boston Partners raised its position in shares of Voya Financial by 1.8% in the fourth quarter. Boston Partners now owns 3,557,281 shares of the asset manager’s stock valued at $265,363,000 after purchasing an additional 61,962 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Voya Financial by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 3,418,536 shares of the asset manager’s stock valued at $242,716,000 after purchasing an additional 219,130 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Trading Down 1.2%

Shares of Voya Financial stock opened at $67.22 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $74.14 and a 200-day simple moving average of $73.87. Voya Financial has a fifty-two week low of $52.43 and a fifty-two week high of $79.99. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 0.46 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.17). The company 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 13.96% and a net margin of 7.99%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, February 25th. Voya Financial’s dividend payout ratio is presently 29.89%.

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.