Voya Financial, Inc. (NYSE:VOYA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Voya Financial, Inc. (NYSE:VOYA) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $83.33.

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Voya Financial from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Evercore ISI raised their price target on shares of Voya Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley reduced their price target on shares of Voya Financial from $79.00 to $78.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $82.00 price target on shares of Voya Financial in a research report on Monday, January 8th. Finally, Royal Bank of Canada reduced their price target on shares of Voya Financial from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th.

Voya Financial Trading Up 2.9 %

VOYA opened at $72.83 on Tuesday. The stock has a market capitalization of $7.38 billion, a PE ratio of 10.35, a P/E/G ratio of 0.52 and a beta of 1.06. The firm’s fifty day moving average price is $69.91 and its 200 day moving average price is $70.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. Voya Financial has a 12-month low of $63.02 and a 12-month high of $77.00.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.30. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Voya Financial had a net margin of 10.48% and a return on equity of 16.74%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. As a group, research analysts expect that Voya Financial will post 8.44 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Tuesday, May 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.60 annualized dividend and a yield of 2.20%. Voya Financial’s dividend payout ratio is presently 22.73%.

Institutional Trading of Voya Financial

Hedge funds have recently bought and sold shares of the company. Chilton Capital Management LLC bought a new stake in shares of Voya Financial during the 4th quarter worth about $26,000. SYSTM Wealth Solutions LLC raised its position in shares of Voya Financial by 56.2% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock worth $31,000 after buying an additional 149 shares in the last quarter. Clearstead Advisors LLC acquired a new position in shares of Voya Financial in the 3rd quarter worth approximately $33,000. FinTrust Capital Advisors LLC acquired a new position in shares of Voya Financial in the 1st quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Voya Financial by 213.2% in the 1st quarter. Venturi Wealth Management LLC now owns 595 shares of the asset manager’s stock worth $44,000 after purchasing an additional 405 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

About Voya Financial

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.