Voya Financial (NYSE:VOYA) Announces Quarterly Earnings Results

Voya Financial (NYSE:VOYA - Get Free Report) released its quarterly earnings data on Tuesday. The asset manager reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65), Zacks reports. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%.

Voya Financial Trading Up 1.9 %

Voya Financial stock traded up $1.38 during mid-day trading on Friday, hitting $72.22. The stock had a trading volume of 1,335,155 shares, compared to its average volume of 914,950. The stock has a 50-day simple moving average of $70.78 and a two-hundred day simple moving average of $74.09. 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 stock has a market capitalization of $6.95 billion, a PE ratio of 11.80, a P/E/G ratio of 0.46 and a beta of 1.05. Voya Financial has a 12 month low of $64.10 and a 12 month high of $84.30.

Voya Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, February 25th. Voya Financial's dividend payout ratio (DPR) is presently 29.41%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VOYA. Piper Sandler decreased their price target on Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 18th. Evercore ISI reduced their target price 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. Bank of America reaffirmed a "neutral" rating and set a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. UBS Group raised Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $76.00 price target (down from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.18.

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.