Brokerages Set Voya Financial, Inc. (NYSE:VOYA) PT at $80.92

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have been given a consensus rating of "Hold" by the thirteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $80.92.

A number of equities research analysts have issued reports on VOYA shares. JPMorgan Chase & Co. reduced their price target on Voya Financial from $81.00 to $80.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of Voya Financial from $79.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Morgan Stanley raised Voya Financial from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $76.00 to $87.00 in a report on Friday, February 28th. UBS Group lowered their price objective on Voya Financial from $94.00 to $89.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada cut their target price on Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd.

Voya Financial Trading Up 0.5 %

Voya Financial stock traded up $0.27 during midday trading on Tuesday, reaching $56.74. 449,539 shares of the stock traded hands, compared to its average volume of 858,799. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market cap of $5.46 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. The company has a 50-day simple moving average of $66.49 and a two-hundred day simple moving average of $72.33. Voya Financial has a 12-month low of $52.43 and a 12-month high of $84.30.

Voya Financial (NYSE:VOYA - Get Free Report) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Research analysts expect that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 25th. Voya Financial's dividend payout ratio (DPR) is 29.41%.

Hedge Funds Weigh In On Voya Financial

Several hedge funds have recently added to or reduced their stakes in VOYA. Victory Capital Management Inc. raised its position in shares of Voya Financial by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager's stock worth $22,561,000 after purchasing an additional 11,336 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Voya Financial by 420.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager's stock valued at $4,812,000 after acquiring an additional 52,032 shares during the last quarter. KBC Group NV increased its position in Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager's stock worth $646,000 after purchasing an additional 6,781 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Voya Financial in the 4th quarter valued at about $47,155,000. Finally, Barclays PLC boosted its stake in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager's stock worth $3,872,000 after purchasing an additional 15,902 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Company Profile

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.