Voya Financial Inc (VOYA) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Voya Financial Inc (NYSE:VOYA) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $52.18.
VOYA has been the topic of several research reports. Wells Fargo & Co reissued a “buy” rating on shares of Voya Financial in a research report on Friday, December 8th. Royal Bank of Canada reissued a “buy” rating and issued a $50.00 target price on shares of Voya Financial in a research report on Thursday, November 2nd. Evercore ISI raised Voya Financial from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $47.00 to $60.00 in a research report on Thursday, December 21st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $51.00 target price on shares of Voya Financial in a research report on Friday, November 10th. Finally, Sandler O’Neill raised Voya Financial from a “hold” rating to a “buy” rating in a research report on Monday, November 13th.
Several hedge funds have recently bought and sold shares of VOYA. UBS Asset Management Americas Inc. lifted its position in shares of Voya Financial by 33.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock valued at $124,051,000 after buying an additional 837,925 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in Voya Financial by 172.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 743,176 shares of the asset manager’s stock worth $27,416,000 after purchasing an additional 470,809 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Voya Financial by 956.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock worth $14,744,000 after purchasing an additional 334,624 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Voya Financial by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock worth $256,727,000 after purchasing an additional 323,678 shares in the last quarter. Finally, Honeywell International Inc. lifted its holdings in Voya Financial by 50.0% in the 3rd quarter. Honeywell International Inc. now owns 826,000 shares of the asset manager’s stock worth $32,949,000 after purchasing an additional 275,400 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Voya Financial (NYSE VOYA) opened at $53.50 on Friday. The stock has a market capitalization of $9,620.00, a PE ratio of -30.06, a price-to-earnings-growth ratio of 0.63 and a beta of 1.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. Voya Financial has a 12-month low of $33.53 and a 12-month high of $54.63.
Voya Financial (NYSE:VOYA) last announced its 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 firm had revenue of $226.50 million during the quarter, compared to analysts’ expectations of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same period in the previous year, the business posted ($1.24) earnings per share. equities analysts anticipate that Voya Financial will post 2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%. Voya Financial’s payout ratio is currently -2.25%.
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Voya Financial Company Profile
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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