Brokerages Set Voya Financial, Inc. (NYSE:VOYA) PT at $85.89

Shares of Voya Financial, Inc. (NYSE:VOYA) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $85.8889.

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Wall Street Zen cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $83.00 to $93.00 in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Voya Financial in a research note on Monday, December 29th. Finally, Morgan Stanley dropped their target price on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd.

Institutional Investors Weigh In On Voya Financial

Large investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its position in Voya Financial by 3.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,662,301 shares of the asset manager’s stock valued at $199,140,000 after buying an additional 88,151 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Voya Financial by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,431,802 shares of the asset manager’s stock valued at $181,901,000 after buying an additional 43,513 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Voya Financial by 10.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 230,930 shares of the asset manager’s stock worth $16,396,000 after buying an additional 21,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Voya Financial by 148.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 151,883 shares of the asset manager’s stock worth $11,361,000 after acquiring an additional 90,764 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Voya Financial in the 3rd quarter worth about $1,310,000. 96.10% of the stock is currently owned by institutional investors.

Voya Financial Trading Up 0.9%

Shares of NYSE VOYA traded up $0.57 during midday trading on Friday, reaching $66.08. The company had a trading volume of 99,567 shares, compared to its average volume of 1,013,057. The stock has a market cap of $6.13 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 0.45 and a beta of 0.90. Voya Financial has a one year low of $52.43 and a one year high of $79.99. The firm’s fifty day moving average price is $73.80 and its 200-day moving average price is $73.76. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.41.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period last year, the firm earned $1.40 earnings per share. Voya Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Voya Financial will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.88 dividend on an annualized basis and a yield of 2.8%. Voya Financial’s dividend payout ratio is presently 29.89%.

Voya Financial Company Profile

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.