Shares of Voya Financial, Inc. (NYSE:VOYA) have received an average rating of “Buy” from the twelve brokerages that are presently covering the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $40.11.
A number of research analysts recently issued reports on VOYA shares. TheStreet downgraded shares of Voya Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. J P Morgan Chase & Co downgraded shares of Voya Financial from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $38.00 to $39.00 in a research report on Tuesday, January 3rd. RBC Capital Markets downgraded shares of Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 price objective for the company. in a research report on Wednesday, November 9th. They noted that the move was a valuation call. BTIG Research restated a “buy” rating and set a $50.00 price objective on shares of Voya Financial in a research report on Friday, February 3rd. Finally, Deutsche Bank AG boosted their price objective on shares of Voya Financial from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd.
Several institutional investors have recently made changes to their positions in VOYA. BlackRock Group LTD boosted its position in shares of Voya Financial by 1.8% in the third quarter. BlackRock Group LTD now owns 1,463,727 shares of the company’s stock valued at $42,184,000 after buying an additional 25,222 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Voya Financial by 14.7% in the third quarter. Bank of New York Mellon Corp now owns 7,544,347 shares of the company’s stock valued at $217,427,000 after buying an additional 964,646 shares in the last quarter. Bridgeway Capital Management Inc. boosted its position in shares of Voya Financial by 8.0% in the second quarter. Bridgeway Capital Management Inc. now owns 1,017,095 shares of the company’s stock valued at $25,183,000 after buying an additional 75,700 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Voya Financial by 1.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 647,307 shares of the company’s stock valued at $18,655,000 after buying an additional 8,070 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Voya Financial by 67.2% in the third quarter. First Trust Advisors LP now owns 497,250 shares of the company’s stock valued at $14,331,000 after buying an additional 199,847 shares in the last quarter. 98.37% of the stock is currently owned by institutional investors and hedge funds.
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Voya Financial (NYSE:VOYA) opened at 41.00 on Thursday. The company’s 50 day moving average is $40.06 and its 200-day moving average is $33.78. Voya Financial has a 1-year low of $22.75 and a 1-year high of $41.58. The stock’s market cap is $7.98 billion.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. Voya Financial had a negative net margin of 4.20% and a positive return on equity of 3.39%. During the same period in the prior year, the company earned $0.91 earnings per share. Equities research analysts forecast that Voya Financial will post $3.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Tuesday, February 28th will be issued a $0.01 dividend. The ex-dividend date is Friday, February 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.10%. Voya Financial’s payout ratio is -1.77%.
Voya Financial Company Profile
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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