Analysts Set Voya Financial, Inc. (NYSE:VOYA) Price Target at $85.89

Voya Financial, Inc. (NYSE:VOYA) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $85.8889.

Several analysts have recently weighed in on the company. Evercore decreased their price objective on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. UBS Group set a $90.00 target price on Voya Financial in a research note on Wednesday, February 4th. Barclays raised Voya Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $83.00 to $93.00 in a research report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their price target on shares of Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company lowered their price target on shares of Voya Financial from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Voya Financial by 3.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,662,301 shares of the asset manager’s stock worth $199,140,000 after buying an additional 88,151 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Voya Financial by 10.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 230,930 shares of the asset manager’s stock worth $16,396,000 after buying an additional 21,186 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Voya Financial by 148.5% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 151,883 shares of the asset manager’s stock valued at $11,361,000 after buying an additional 90,764 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Voya Financial in the third quarter valued at $1,310,000. Finally, Davis Capital Management bought a new stake in Voya Financial in the third quarter valued at $1,484,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Down 2.9%

NYSE VOYA opened at $67.73 on Friday. Voya Financial has a twelve month low of $52.43 and a twelve month high of $79.99. The stock has a market cap of $6.28 billion, a PE ratio of 10.77, a PEG ratio of 0.46 and a beta of 0.90. The firm has a 50-day simple moving average of $74.43 and a 200 day simple moving average of $73.98. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.17). The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. On average, research analysts forecast that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, February 25th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, February 25th. Voya Financial’s payout ratio is 29.89%.

About Voya Financial

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.