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

Shares of Voya Financial, Inc. (NYSE:VOYA - Get Free Report) have received an average recommendation of "Moderate Buy" from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $83.55.

A number of brokerages recently issued reports on VOYA. Evercore ISI dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company boosted their price target on Voya Financial from $76.00 to $79.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Piper Sandler lowered their price objective on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods cut their target price on shares of Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley upgraded Voya Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $76.00 to $87.00 in a research note on Friday, February 28th.

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Hedge Funds Weigh In On Voya Financial

A number of institutional investors and hedge funds have recently modified their holdings of VOYA. Impax Asset Management Group plc grew its holdings in Voya Financial by 277.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after purchasing an additional 2,131,578 shares during the last quarter. Norges Bank purchased a new position in Voya Financial in the 4th quarter worth about $96,508,000. Wealthfront Advisers LLC bought a new stake in Voya Financial during the 4th quarter valued at about $67,214,000. Bank of New York Mellon Corp grew its stake in Voya Financial by 15.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after acquiring an additional 876,399 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Voya Financial during the fourth quarter worth approximately $47,155,000. Hedge funds and other institutional investors own 96.10% of the company's stock.

Voya Financial Stock Up 1.7 %

Shares of VOYA traded up $1.17 on Friday, reaching $69.06. The stock had a trading volume of 665,025 shares, compared to its average volume of 808,142. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial has a 12-month low of $64.10 and a 12-month high of $84.30. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company has a 50-day simple moving average of $70.43 and a 200-day simple moving average of $74.53.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Sell-side analysts predict that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. Voya Financial's dividend payout ratio (DPR) is 29.41%.

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.