Voya Financial, Inc. (VOYA) Receives Consensus Rating of “Buy” from Analysts
Shares of Voya Financial, Inc. (NYSE:VOYA) have been given a consensus recommendation of “Buy” by the thirteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $46.11.
Several brokerages recently weighed in on VOYA. BidaskClub cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Wells Fargo & Company reiterated a “buy” rating on shares of Voya Financial in a research note on Tuesday, August 1st. ValuEngine raised Voya Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $46.00 price objective on shares of Voya Financial in a report on Wednesday, September 6th.
In related news, insider Kevin D. Silva sold 8,500 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $40.28, for a total transaction of $342,380.00. Following the completion of the sale, the insider now directly owns 5,379 shares of the company’s stock, valued at $216,666.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank increased its holdings in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after buying an additional 199 shares during the last quarter. US Bancorp DE raised its position in Voya Financial by 135.7% in the first quarter. US Bancorp DE now owns 4,625 shares of the asset manager’s stock worth $176,000 after acquiring an additional 2,663 shares during the period. Paragon Capital Management Ltd bought a new stake in Voya Financial in the second quarter worth about $239,000. Campbell & CO Investment Adviser LLC bought a new stake in Voya Financial in the second quarter worth about $254,000. Finally, M&T Bank Corp raised its position in Voya Financial by 17.3% in the first quarter. M&T Bank Corp now owns 6,847 shares of the asset manager’s stock worth $260,000 after acquiring an additional 1,012 shares during the period. Institutional investors and hedge funds own 97.59% of the company’s stock.
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Shares of Voya Financial (VOYA) opened at 39.71 on Wednesday. The firm has a 50-day moving average of $38.25 and a 200 day moving average of $37.41. Voya Financial has a 52 week low of $28.96 and a 52 week high of $42.96. The firm’s market capitalization is $7.14 billion.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, August 1st. The asset manager reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.18). The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, equities analysts predict that Voya Financial will post $3.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. Voya Financial’s dividend payout ratio is currently -1.04%.
About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
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