Voya Financial, Inc. (NYSE:VOYA - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $83.38 and last traded at $83.14, with a volume of 9735 shares trading hands. The stock had previously closed at $82.66.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on VOYA shares. Barclays increased their target price on shares of Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Evercore ISI boosted their target price on shares of Voya Financial from $79.00 to $82.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. cut Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target for the company. in a research note on Thursday, October 3rd. Morgan Stanley reduced their price objective on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Finally, Wells Fargo & Company increased their target price on Voya Financial from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.27.
Get Our Latest Research Report on VOYA
Voya Financial Stock Up 1.5 %
The stock's 50-day moving average price is $73.58 and its 200-day moving average price is $72.37. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.57 and a beta of 1.03.
Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.13. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. Voya Financial's revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts expect that Voya Financial, Inc. will post 8.31 earnings per share for the current year.
Voya Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, August 27th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.80 annualized dividend and a yield of 2.15%. This is a boost from Voya Financial's previous quarterly dividend of $0.40. Voya Financial's dividend payout ratio (DPR) is currently 25.57%.
Hedge Funds Weigh In On Voya Financial
Several institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in Voya Financial during the fourth quarter worth $213,000. Quadrature Capital Ltd acquired a new position in shares of Voya Financial during the fourth quarter valued at about $257,000. HighPoint Advisor Group LLC bought a new position in shares of Voya Financial during the 4th quarter worth about $295,000. Mather Group LLC. acquired a new stake in shares of Voya Financial in the 1st quarter valued at about $85,000. Finally, Alaska Permanent Fund Corp increased its position in Voya Financial by 8.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 35,518 shares of the asset manager's stock valued at $2,625,000 after buying an additional 2,632 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.
Voya Financial Company Profile
(
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Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.
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