Voya Financial, Inc. (NYSE:VOYA) Receives $81.83 Average Target Price from Analysts

Voya Financial, Inc. (NYSE:VOYA) has been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $81.83.

VOYA has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of Voya Financial from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. UBS Group dropped their target price on Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Bank of America reissued an “underperform” rating and set a $71.00 price target (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Royal Bank of Canada dropped their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd.

Voya Financial Stock Performance

Shares of VOYA opened at $69.77 on Friday. The firm has a market cap of $6.71 billion, a P/E ratio of 11.40, a PEG ratio of 0.48 and a beta of 0.95. Voya Financial has a twelve month low of $52.43 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The firm’s 50 day moving average price is $62.84 and its two-hundred day moving average price is $70.05.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, May 6th. The asset manager reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.56. Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $1.77 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, analysts forecast that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, May 27th. Voya Financial’s dividend payout ratio (DPR) is 33.96%.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors have recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp lifted its stake in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after buying an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after buying an additional 327 shares in the last quarter. Quarry LP purchased a new position in Voya Financial in the fourth quarter worth $37,000. R Squared Ltd bought a new position in Voya Financial in the 4th quarter valued at $41,000. Finally, Venturi Wealth Management LLC grew its position in Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock valued at $45,000 after buying an additional 201 shares during the period. 96.10% of the stock is owned by institutional investors.

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.