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

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $91.7273.

Several research analysts have recently commented on the company. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Royal Bank Of Canada raised their target price on Voya Financial from $87.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Morgan Stanley raised their target price on Voya Financial from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised their target price on Voya Financial from $80.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods cut their target price on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th.

Voya Financial Stock Up 0.1%

VOYA opened at $90.32 on Friday. The company has a market cap of $8.19 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.82 and a beta of 0.92. The business’s 50-day moving average price is $81.62 and its 200-day moving average price is $75.68. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.48. Voya Financial has a 12 month low of $64.50 and a 12 month high of $92.83.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.02 by $0.24. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, equities analysts expect that Voya Financial will post 9.6 EPS for the current year.

Voya Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, May 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. Voya Financial’s dividend payout ratio (DPR) is presently 28.40%.

Insider Activity

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

Institutional Trading of Voya Financial

Several large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in Voya Financial by 21.7% during the 1st quarter. Royal Bank of Canada now owns 84,715 shares of the asset manager’s stock valued at $5,741,000 after acquiring an additional 15,091 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Voya Financial by 8.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 662,058 shares of the asset manager’s stock valued at $44,861,000 after acquiring an additional 51,376 shares in the last quarter. Empowered Funds LLC boosted its position in Voya Financial by 13.5% during the 1st quarter. Empowered Funds LLC now owns 37,836 shares of the asset manager’s stock valued at $2,564,000 after acquiring an additional 4,490 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Voya Financial by 1.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 370,144 shares of the asset manager’s stock valued at $25,081,000 after acquiring an additional 6,127 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Voya Financial by 44.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 730 shares of the asset manager’s stock valued at $49,000 after acquiring an additional 223 shares in the last quarter. 96.10% of the stock is owned by institutional investors.

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.