Voya Financial, Inc. (NYSE:VOYA) Receives $86.00 Average Price Target from Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $86.00.

VOYA has been the topic of a number of recent research reports. Barclays boosted their target price on Voya Financial from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. JPMorgan Chase & Co. cut 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. Royal Bank of Canada increased their price target on shares of Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley reduced their price objective on shares of Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th.

Insider Buying and Selling at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.37% of the company’s stock.

Institutional Trading of Voya Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Voya Financial by 1,020.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,368,185 shares of the asset manager’s stock valued at $175,057,000 after buying an additional 2,156,773 shares during the last quarter. Boston Partners boosted its holdings in Voya Financial by 83.8% in the first quarter. Boston Partners now owns 2,525,604 shares of the asset manager’s stock valued at $186,310,000 after acquiring an additional 1,151,822 shares during the last quarter. Vanguard Group Inc. increased its position in Voya Financial by 6.2% in the first quarter. Vanguard Group Inc. now owns 11,067,291 shares of the asset manager’s stock worth $818,094,000 after purchasing an additional 644,216 shares during the period. FMR LLC raised its holdings in Voya Financial by 25.9% during the 3rd quarter. FMR LLC now owns 2,884,044 shares of the asset manager’s stock worth $228,474,000 after purchasing an additional 592,523 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Voya Financial by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,055,263 shares of the asset manager’s stock valued at $146,234,000 after purchasing an additional 248,795 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Trading Up 1.2 %

Shares of VOYA stock opened at $81.68 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of $79.93 and a 200 day simple moving average of $74.43. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The stock has a market capitalization of $7.86 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.57 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Voya Financial will post 8.2 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.80 annualized dividend and a dividend yield of 2.20%. Voya Financial’s dividend payout ratio is currently 28.66%.

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.