Voya Financial’s (VOYA) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of Voya Financial (NYSE:VOYA) in a research report released on Friday, MarketBeat reports. They currently have a $108.00 price target on the asset manager’s stock, down from their previous price target of $110.00.

A number of other equities research analysts also recently weighed in on VOYA. Weiss Ratings raised Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 29th. JPMorgan Chase & Co. lifted their target price on Voya Financial from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Barclays boosted their target price on shares of Voya Financial from $105.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday. Atlantic Securities set a $79.00 target price on shares of Voya Financial in a report on Wednesday, July 15th. Finally, Jefferies Financial Group increased their price target on shares of Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.15.

Voya Financial Stock Up 0.2%

Voya Financial stock opened at $94.82 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm has a market cap of $8.59 billion, a P/E ratio of 15.99, a P/E/G ratio of 0.92 and a beta of 0.90. The business has a fifty day moving average of $99.80 and a two-hundred day moving average of $89.92. Voya Financial has a twelve month low of $64.50 and a twelve month high of $105.64.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. On average, analysts forecast that Voya Financial will post 9.19 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th were given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.0%. Voya Financial’s dividend payout ratio (DPR) is presently 31.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S purchased a new stake in Voya Financial in the second quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Voya Financial in the 2nd quarter worth approximately $48,000. Root Financial Partners LLC increased its holdings in Voya Financial by 59.6% in the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after buying an additional 214 shares during the period. Versant Capital Management Inc raised its position in Voya Financial by 29.6% during the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock worth $66,000 after buying an additional 159 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in Voya Financial during the 2nd quarter worth approximately $84,000. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Company Profile

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.