Voya Financial (NYSE:VOYA – Get Free Report) posted its earnings results on Tuesday. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24, FiscalAI reports. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 EPS.
Voya Financial Stock Performance
VOYA stock traded up $1.00 during trading on Tuesday, reaching $83.02. The company had a trading volume of 1,951,334 shares, compared to its average volume of 1,124,766. The firm has a 50-day simple moving average of $70.69 and a 200-day simple moving average of $72.74. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial has a twelve month low of $59.90 and a twelve month high of $83.80.
Voya Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. Voya Financial’s dividend payout ratio (DPR) is 29.89%.
Institutional Trading of Voya Financial
Analyst Ratings Changes
VOYA has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Morgan Stanley cut 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, March 3rd. TD Cowen started coverage on shares of Voya Financial in a research report on Monday, April 20th. They issued a “buy” rating and a $100.00 price objective on the stock. UBS Group lifted their price objective on shares of Voya Financial from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company cut their price objective on shares of Voya Financial from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.30.
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.
See Also
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.
