Voya Financial (NYSE:VOYA) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Voya Financial (NYSE:VOYA – Free Report) from a hold rating to a buy rating in a research report report published on Saturday.

VOYA has been the topic of a number of other reports. Keefe, Bruyette & Woods cut their price target on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Morgan Stanley restated an “overweight” rating and issued a $93.00 price objective on shares of Voya Financial in a report on Monday, December 15th. Royal Bank Of Canada reduced their target price on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 22nd. Finally, Barclays boosted their price target on shares of Voya Financial from $81.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.56.

View Our Latest Research Report on VOYA

Voya Financial Stock Down 0.4%

NYSE:VOYA opened at $74.80 on Friday. Voya Financial has a 52 week low of $52.43 and a 52 week high of $78.00. The stock’s fifty day moving average is $72.40 and its two-hundred day moving average is $72.84. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.53 and a beta of 0.91. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.42.

Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The asset manager reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. Voya Financial had a return on equity of 13.89% and a net margin of 7.55%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the business earned $2.12 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts anticipate that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, November 26th were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, November 26th. This is an increase from Voya Financial’s previous quarterly dividend of $0.45. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.5%. Voya Financial’s payout ratio is presently 32.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VOYA. Root Financial Partners LLC purchased a new stake in Voya Financial during the third quarter worth approximately $26,000. Allworth Financial LP raised its holdings in Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Voya Financial by 225.6% during the 2nd quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock worth $31,000 after buying an additional 300 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Voya Financial by 149.2% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock worth $34,000 after buying an additional 288 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of Voya Financial by 5,180.0% in the 3rd quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock valued at $39,000 after buying an additional 518 shares in the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Company Profile

(Get Free Report)

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.

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