Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Rating of “Moderate Buy” from Analysts

Voya Financial, Inc. (NYSE:VOYA) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $87.50.

Several research firms have recently weighed in on VOYA. Evercore reduced their price target on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. UBS Group set a $90.00 price objective on shares of Voya Financial in a research report on Wednesday, February 4th. Morgan Stanley reduced their target price on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a research note on Tuesday, March 3rd. Wall Street Zen cut Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Wells Fargo & Company dropped their price target on Voya Financial from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th.

Voya Financial Trading Up 1.0%

NYSE:VOYA opened at $66.87 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day simple moving average is $71.48 and its 200-day simple moving average is $73.04. Voya Financial has a fifty-two week low of $52.43 and a fifty-two week high of $79.99. The stock has a market capitalization of $6.20 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.45 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.Voya Financial’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 earnings per share. Sell-side analysts expect that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Wednesday, February 25th were issued a dividend of $0.47 per share. The ex-dividend date was Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.8%. Voya Financial’s dividend payout ratio (DPR) is presently 29.89%.

Institutional Investors Weigh In On Voya Financial

Several institutional investors have recently bought and sold shares of VOYA. Root Financial Partners LLC acquired a new position in Voya Financial during the 3rd quarter worth approximately $26,000. Allworth Financial LP raised its holdings in shares of Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of Voya Financial in the fourth quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial in the fourth quarter worth $33,000. Finally, Systematic Financial Management LP acquired a new position in Voya Financial during the fourth quarter worth $37,000. Institutional investors own 96.10% of the company’s stock.

About Voya Financial

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.