Voya Financial Inc. (VOYA) Coverage Initiated at Credit Suisse Group AG
Research analysts at Credit Suisse Group AG initiated coverage on shares of Voya Financial Inc. (NYSE:VOYA) in a research report issued on Friday. The firm set an “outperform” rating on the stock.
A number of other brokerages have also recently commented on VOYA. Deutsche Bank AG dropped their price target on Voya Financial from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Goldman Sachs Group Inc. cut Voya Financial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $39.00 to $29.00 in a research report on Friday, July 15th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $38.00 price objective on shares of Voya Financial in a research report on Wednesday, July 6th. Zacks Investment Research raised Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, TheStreet raised Voya Financial from a “hold” rating to a “buy” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.73.
Voya Financial (NYSE:VOYA) traded up 1.55% during mid-day trading on Friday, reaching $30.73. The company’s stock had a trading volume of 1,155,522 shares. The company has a 50-day moving average price of $28.87 and a 200-day moving average price of $29.06. Voya Financial has a 12-month low of $22.75 and a 12-month high of $42.45. The firm has a market cap of $6.15 billion, a PE ratio of 22.81 and a beta of 1.55.
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Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Voya Financial had a return on equity of 3.44% and a net margin of 2.88%. During the same period in the previous year, the company posted $0.78 EPS. On average, equities research analysts expect that Voya Financial will post $3.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st were paid a $0.01 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.13%. Voya Financial’s dividend payout ratio (DPR) is 2.86%.
Large investors have recently bought and sold shares of the company. Pzena Investment Management LLC raised its stake in Voya Financial by 31.2% in the second quarter. Pzena Investment Management LLC now owns 15,175,429 shares of the company’s stock valued at $375,744,000 after buying an additional 3,612,038 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Voya Financial during the second quarter worth about $73,385,000. Franklin Resources Inc. raised its stake in shares of Voya Financial by 27.4% in the second quarter. Franklin Resources Inc. now owns 12,182,733 shares of the company’s stock worth $301,651,000 after buying an additional 2,618,169 shares during the last quarter. Numeric Investors LLC raised its stake in shares of Voya Financial by 36.3% in the second quarter. Numeric Investors LLC now owns 3,805,369 shares of the company’s stock worth $94,221,000 after buying an additional 1,012,700 shares during the last quarter. Finally, AJO LP raised its stake in shares of Voya Financial by 13.6% in the second quarter. AJO LP now owns 7,681,653 shares of the company’s stock worth $190,198,000 after buying an additional 921,751 shares during the last quarter. Hedge funds and other institutional investors own 96.83% of the company’s stock.
About Voya Financial
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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