Voya Financial Inc (NYSE:VOYA) – Analysts at DOWLING & PARTN lowered their FY2017 EPS estimates for shares of Voya Financial in a research report issued to clients and investors on Wednesday. DOWLING & PARTN analyst H. Lee now forecasts that the asset manager will post earnings of $2.78 per share for the year, down from their prior estimate of $3.05. DOWLING & PARTN also issued estimates for Voya Financial’s Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.12 EPS and FY2018 earnings at $4.30 EPS.
A number of other analysts have also weighed in on the stock. BTIG Research reiterated a “buy” rating and set a $59.00 target price on shares of Voya Financial in a report on Tuesday, January 2nd. Deutsche Bank began coverage on shares of Voya Financial in a report on Tuesday, January 2nd. They set a “buy” rating and a $59.00 target price for the company. Wells Fargo & Co set a $58.00 target price on shares of Voya Financial and gave the stock a “buy” rating in a report on Thursday, December 28th. Evercore ISI upgraded shares of Voya Financial to a “buy” rating and set a $60.00 target price for the company in a report on Wednesday, December 27th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $55.00 target price on shares of Voya Financial in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.18.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million for the quarter, compared to analysts’ expectations of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same quarter in the previous year, the company earned ($1.24) earnings per share.
A number of hedge funds have recently added to or reduced their stakes in VOYA. UBS Asset Management Americas Inc. raised its stake in Voya Financial by 33.2% in the second quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock worth $124,051,000 after buying an additional 837,925 shares in the last quarter. Balyasny Asset Management LLC raised its stake in Voya Financial by 172.9% in the second quarter. Balyasny Asset Management LLC now owns 743,176 shares of the asset manager’s stock worth $27,416,000 after buying an additional 470,809 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Voya Financial by 956.5% in the third quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock worth $14,744,000 after buying an additional 334,624 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Voya Financial by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock worth $256,727,000 after buying an additional 323,678 shares in the last quarter. Finally, Honeywell International Inc. raised its stake in Voya Financial by 50.0% in the third quarter. Honeywell International Inc. now owns 826,000 shares of the asset manager’s stock worth $32,949,000 after buying an additional 275,400 shares in the last quarter. 96.80% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date was Wednesday, November 29th. Voya Financial’s payout ratio is currently -2.25%.
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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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