Voya Financial (NYSE:VOYA - Free Report) had its price target lowered by Barclays from $79.00 to $75.00 in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the asset manager's stock.
A number of other equities analysts also recently commented on VOYA. Keefe, Bruyette & Woods reduced their price objective on shares of Voya Financial from $92.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Bank of America restated a "neutral" rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. UBS Group upgraded shares of Voya Financial to a "strong-buy" rating in a report on Monday, November 11th. Finally, Evercore ISI lowered their price objective 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. Seven research 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 price target of $82.18.
Check Out Our Latest Report on VOYA
Voya Financial Stock Up 1.9 %
Shares of Voya Financial stock traded up $1.38 during trading on Wednesday, reaching $72.22. The stock had a trading volume of 1,335,155 shares, compared to its average volume of 914,950. 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 company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 0.46 and a beta of 1.05. The stock has a fifty day moving average price of $70.78 and a two-hundred day moving average price of $74.09. Voya Financial has a 52 week low of $64.10 and a 52 week high of $84.30.
Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.29% and a return on equity of 14.10%. Sell-side analysts predict that Voya Financial will post 8.95 EPS for the current fiscal year.
Voya Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.49%. Voya Financial's payout ratio is currently 29.41%.
Hedge Funds Weigh In On Voya Financial
Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the period. V Square Quantitative Management LLC bought a new stake in Voya Financial during the third quarter worth about $29,000. SRS Capital Advisors Inc. grew its stake in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock worth $33,000 after buying an additional 327 shares in the last quarter. UMB Bank n.a. increased its holdings 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 during the period. Finally, R Squared Ltd acquired a new position in shares of Voya Financial in the 4th quarter valued at approximately $41,000. 96.10% of the stock is currently owned by institutional investors and hedge funds.
About Voya Financial
(
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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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