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

Voya Financial, Inc. (NYSE:VOYA) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $103.8462.

A number of brokerages have issued reports on VOYA. Raymond James Financial raised Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 price objective for the company in a report on Monday, June 8th. UBS Group upped their target price on shares of Voya Financial from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company increased their target price on shares of Voya Financial from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Evercore restated an “outperform” rating and issued a $111.00 target price on shares of Voya Financial in a research note on Friday, August 7th. Finally, Barclays upped their target price on shares of Voya Financial from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th.

Insider Buying and Selling at Voya Financial

In related news, insider Trevor Ogle sold 3,994 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $90.00, for a total value of $359,460.00. Following the completion of the transaction, the insider directly owned 2,887 shares in the company, valued at approximately $259,830. The trade was a 58.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Danske Bank A S bought a new stake in shares of Voya Financial during the 2nd quarter worth approximately $27,000. Allworth Financial LP lifted its position in shares of Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of Voya Financial during the 4th quarter worth approximately $28,000. Systematic Financial Management LP acquired a new position in shares of Voya Financial during the 4th quarter worth approximately $37,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Voya Financial during the 2nd quarter worth approximately $48,000. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Price Performance

Shares of NYSE:VOYA opened at $101.22 on Friday. The firm has a market capitalization of $9.17 billion, a PE ratio of 17.07, a PEG ratio of 0.98 and a beta of 0.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. Voya Financial has a 1-year low of $64.50 and a 1-year high of $103.85. The business’s 50 day moving average is $98.12 and its 200-day moving average is $84.06.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. Sell-side analysts predict that Voya Financial will post 9.25 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be given a $0.47 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.9%. Voya Financial’s dividend payout ratio is currently 31.70%.

Voya Financial Company Profile

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.