Analysts Set Voya Financial, Inc. (NYSE:VOYA) Target Price at $81.83

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $81.83.

A number of brokerages have recently commented on VOYA. Bank of America reissued an “underperform” rating and issued a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a report on Friday, March 28th. Keefe, Bruyette & Woods cut their target price on Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Barclays set a $70.00 price target on Voya Financial in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently bought and sold shares of VOYA. Wealthspire Advisors LLC boosted its position in shares of Voya Financial by 5.3% during the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after buying an additional 148 shares during the last quarter. Brooklyn Investment Group increased its holdings in Voya Financial by 17.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock valued at $80,000 after buying an additional 169 shares during the last quarter. CIBC Asset Management Inc raised its position in Voya Financial by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock worth $228,000 after acquiring an additional 177 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after acquiring an additional 183 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Voya Financial by 13.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 184 shares during the period. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Stock Up 4.2%

VOYA opened at $69.77 on Friday. The company has a market cap of $6.71 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. Voya Financial has a 12 month low of $52.43 and a 12 month high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $62.84 and a 200 day moving average of $70.05.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.56. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 earnings per share. On average, sell-side analysts expect that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, May 27th will be given a $0.45 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. Voya Financial’s dividend payout ratio is currently 33.96%.

About Voya Financial

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.