Brokerages Set Voya Financial, Inc. (NYSE:VOYA) PT at $103.85

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

Several equities research analysts recently issued reports on VOYA shares. JPMorgan Chase & Co. increased their target price on shares of Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Evercore reiterated an “outperform” rating and issued a $111.00 price target on shares of Voya Financial in a research report on Friday, August 7th. Atlantic Securities set a $79.00 price objective on shares of Voya Financial in a research note on Wednesday, July 15th. TD Cowen raised their price objective on shares of Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Voya Financial from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th.

Voya Financial Trading Down 0.2%

NYSE:VOYA opened at $102.34 on Friday. Voya Financial has a one year low of $64.50 and a one year high of $103.85. The business has a fifty day moving average price of $97.76 and a 200-day moving average price of $83.71. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27.

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

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.88 dividend on an annualized basis and a yield of 1.8%. Voya Financial’s dividend payout ratio is presently 31.70%.

Insider Buying and Selling

In related news, insider Trevor Ogle sold 3,994 shares of Voya Financial 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 completion of the transaction, the insider owned 2,887 shares in the company, valued at approximately $259,830. This trade represents a 58.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Investors Weigh In On Voya Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Danske Bank A S purchased a new position in shares of Voya Financial during the 2nd quarter worth about $27,000. Allworth Financial LP raised its position in Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after purchasing an additional 151 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Voya Financial in the 4th quarter worth about $28,000. Systematic Financial Management LP bought a new stake in Voya Financial in the fourth quarter worth about $37,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Voya Financial in the second quarter worth about $48,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

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.