Voya Financial, Inc. (NYSE:VOYA) Receives Consensus Rating of "Moderate Buy" from Analysts

Voya Financial, Inc. (NYSE:VOYA - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $85.27.

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 target price for the company. in a research note on Thursday, October 3rd. Jefferies Financial Group increased their price target on Voya Financial from $78.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, July 18th. Morgan Stanley dropped their price target on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Royal Bank of Canada lifted their target price on shares of Voya Financial from $83.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th. Finally, Evercore ISI upped their price target on shares of Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th.

Institutional Investors Weigh In On Voya Financial

Hedge funds have recently modified their holdings of the company. Hohimer Wealth Management LLC grew its stake in Voya Financial by 1.7% in the 1st quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager's stock valued at $625,000 after acquiring an additional 140 shares during the period. Arjuna Capital raised its position in shares of Voya Financial by 0.8% during the 2nd quarter. Arjuna Capital now owns 19,685 shares of the asset manager's stock worth $1,401,000 after purchasing an additional 161 shares during the last quarter. UMB Bank n.a. lifted its stake in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock valued at $35,000 after buying an additional 239 shares in the last quarter. Blair William & Co. IL boosted its holdings in Voya Financial by 5.3% in the 1st quarter. Blair William & Co. IL now owns 5,380 shares of the asset manager's stock worth $398,000 after buying an additional 272 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Voya Financial by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 25,316 shares of the asset manager's stock worth $1,871,000 after buying an additional 300 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Stock Up 0.4 %

VOYA stock traded up $0.29 during trading on Tuesday, hitting $82.35. 677,903 shares of the company's stock traded hands, compared to its average volume of 812,875. The business has a fifty day simple moving average of $74.65 and a two-hundred day simple moving average of $72.61. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $8.10 billion, a P/E ratio of 10.85, a PEG ratio of 0.59 and a beta of 1.03. Voya Financial has a 1 year low of $63.02 and a 1 year high of $83.93.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.13. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $2.31 earnings per share. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Voya Financial will post 8.31 EPS for the current year.

Voya Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.45 per share. This is a boost from Voya Financial's previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, August 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.19%. Voya Financial's dividend payout ratio (DPR) is presently 23.72%.

About Voya Financial

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.