Voya Financial, Inc. (NYSE:VOYA) Stock Has Average Target Price of $103.85

by · The Markets Daily

Voya Financial, Inc. (NYSE:VOYA – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $103.85.

Several equities research analysts have weighed in on the company. Atlantic Securities set a $79.00 price target on Voya Financial in a research report on Wednesday, July 15th. Raymond James Financial upgraded Voya Financial from a “market perform” rating to a “strong-buy” rating and set a $117.00 target price on the stock in a research note on Monday, June 8th. JPMorgan Chase & Co. raised their target price on Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings cut Voya Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company boosted their price target on Voya Financial from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th.

View Our Latest Stock Analysis on Voya Financial

Hedge Funds Weigh In On Voya Financial

Several large investors have recently made changes to their positions in the company. Deutsche Bank AG purchased a new stake in shares of Voya Financial in the 2nd quarter valued at approximately $1,010,000. Quantinno Capital Management LP boosted its position in shares of Voya Financial by 6.8% during the 1st quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock worth $16,229,000 after purchasing an additional 15,186 shares during the period. BlackRock Inc. acquired a new stake in Voya Financial in the 2nd quarter valued at approximately $850,187,000. Oppenheimer Asset Management Inc. acquired a new stake in Voya Financial in the 2nd quarter valued at approximately $2,045,000. Finally, Tidal Investments LLC raised its position in Voya Financial by 172.7% in the second quarter. Tidal Investments LLC now owns 21,487 shares of the asset manager’s stock valued at $1,945,000 after purchasing an additional 13,608 shares during the period. 96.10% of the stock is currently owned by institutional investors and hedge funds.

Voya Financial Stock Down 1.4%

Shares of VOYA stock opened at $96.01 on Tuesday. Voya Financial has a fifty-two week low of $64.50 and a fifty-two week high of $105.64. The firm has a market capitalization of $8.70 billion, a PE ratio of 16.19, a P/E/G ratio of 0.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s 50-day simple moving average is $100.38 and its 200-day simple moving average is $87.67.

Voya Financial (NYSE:VOYA – Get Free Report) last released 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 for the quarter, compared to analyst estimates of $1.90 billion. Voya Financial had a return on equity of 12.31% and a net margin of 7.45%.The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS. Equities analysts expect that Voya Financial will post 9.21 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, August 26th. Voya Financial’s payout ratio is 31.70%.

About Voya Financial

(Get Free Report)

Voya Financial, Inc is a U.S.-based financial services company that helps individuals, employers and institutions plan for retirement, manage investments and address employee benefits needs. Its operations are organized primarily around retirement, employee benefits and investment management.

Through its retirement business, Voya provides workplace retirement plans, including defined contribution and defined benefit solutions, as well as individual retirement products and financial-wellness resources.

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