Voya Financial Short Interest Up 52.8% in May (VOYA)
Shares of Voya Financial (NYSE:VOYA) saw a large growth in short interest during the month of May. As of May 30th, there was short interest totalling 4,712,754 shares, a growth of 52.8% from the May 15th total of 3,083,652 shares, Stock Ratings Network.com reports. Based on an average daily volume of 2,212,875 shares, the short-interest ratio is currently 2.1 days. Approximately 3.6% of the company’s stock are short sold.
VOYA has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Voya Financial in a research note on Friday, May 9th. They now have a $41.50 price target on the stock, up previously from $40.00. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Voya Financial in a research note on Thursday, May 8th. They set an “outperform” rating and a $41.00 price target on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Voya Financial from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $41.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $41.83.
Voya Financial (NYSE:VOYA) opened at 36.41 on Wednesday. Voya Financial has a 52 week low of $26.01 and a 52 week high of $37.75. The stock’s 50-day moving average is $35.79 and its 200-day moving average is $35.52. The company has a market cap of $9.270 billion and a price-to-earnings ratio of 8.87.
Voya Financial (NYSE:VOYA) last released its earnings data on Wednesday, May 7th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.08. The company had revenue of $268.00 million for the quarter, compared to the consensus estimate of $307.41 million. During the same quarter last year, the company posted $0.73 earnings per share. Analysts expect that Voya Financial will post $2.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 9th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, June 5th.
Voya Financial Inc, formerly ING U.S., Inc, is a retirement, investment and insurance company. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States.
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