Voya Financial Inc. (VOYA) Upgraded to “Buy” at TheStreet
A number of other analysts have also recently weighed in on the company. 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. Zacks Investment Research lowered Voya Financial from a hold rating to a sell rating in a report on Wednesday, July 20th. JPMorgan Chase & Co. reissued a hold rating and issued a $38.00 price objective on shares of Voya Financial in a report on Wednesday, July 6th. Citigroup Inc. decreased their price objective on Voya Financial from $34.00 to $29.00 and set a neutral rating for the company in a report on Thursday, July 7th. Finally, Evercore ISI started coverage on Voya Financial in a report on Wednesday, July 6th. They issued a hold rating and a $31.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Voya Financial currently has an average rating of Buy and a consensus target price of $38.73.
Shares of Voya Financial (NYSE:VOYA) traded down 0.16% on Wednesday, hitting $30.26. The company’s stock had a trading volume of 1,883,879 shares. The company has a 50 day moving average of $28.87 and a 200 day moving average of $29.06. Voya Financial has a 1-year low of $22.75 and a 1-year high of $42.45. The firm has a market cap of $6.06 billion, a PE ratio of 22.46 and a beta of 1.55.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.79 earnings per share 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 quarter in the previous year, the business posted $0.78 EPS. Equities analysts forecast that Voya Financial will post $3.02 EPS 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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Monday, August 29th. Voya Financial’s dividend payout ratio is presently 2.86%.
Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Voya Financial by 83.7% in the first quarter. Aperio Group LLC now owns 142,653 shares of the company’s stock valued at $4,247,000 after buying an additional 65,011 shares in the last quarter. Nisa Investment Advisors L.L.C. bought a new stake in Voya Financial during the first quarter valued at $1,191,000. Ngam Advisors L.P. raised its stake in Voya Financial by 27.2% in the first quarter. Ngam Advisors L.P. now owns 41,122 shares of the company’s stock valued at $1,224,000 after buying an additional 8,784 shares in the last quarter. Prudential Financial Inc. raised its stake in Voya Financial by 113.7% in the first quarter. Prudential Financial Inc. now owns 567,790 shares of the company’s stock valued at $16,903,000 after buying an additional 302,100 shares in the last quarter. Finally, Investec Asset Management LTD raised its stake in Voya Financial by 4.4% in the first quarter. Investec Asset Management LTD now owns 5,347,422 shares of the company’s stock valued at $159,193,000 after buying an additional 224,661 shares in the last quarter. 96.83% of the stock is owned by institutional investors and hedge funds.
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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