Voya Financial (VOYA) Research Coverage Started at Deutsche Bank
Deutsche Bank began coverage on shares of Voya Financial (NYSE:VOYA) in a report released on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $59.00 target price on the asset manager’s stock.
VOYA has been the topic of several other research reports. Sandler O’Neill upgraded Voya Financial from a hold rating to a buy rating in a research report on Monday, November 13th. Royal Bank of Canada reiterated a buy rating and set a $55.00 price objective on shares of Voya Financial in a research report on Friday, December 22nd. Goldman Sachs Group initiated coverage on Voya Financial in a research report on Wednesday, October 18th. They set a buy rating and a $46.00 price objective on the stock. Evercore ISI upgraded Voya Financial from an in-line rating to an outperform rating and increased their price objective for the stock from $47.00 to $60.00 in a research report on Thursday, December 21st. Finally, Keefe, Bruyette & Woods restated a buy rating and issued a $55.00 price target on shares of Voya Financial in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Voya Financial currently has a consensus rating of Buy and a consensus price target of $52.18.
Voya Financial (VOYA) opened at $50.34 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $8,940.61, a price-to-earnings ratio of -28.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.65. Voya Financial has a 12-month low of $33.53 and a 12-month high of $52.48.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.39). The firm had revenue of $226.50 million for the quarter, compared to the consensus estimate of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same quarter in the previous year, the business earned ($1.24) EPS. sell-side analysts forecast that Voya Financial will post 2.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Wednesday, November 29th. Voya Financial’s payout ratio is currently -2.23%.
Several hedge funds and other institutional investors have recently modified their holdings of VOYA. Toronto Dominion Bank increased its position in shares of Voya Financial by 7.9% in the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after purchasing an additional 199 shares during the period. Reliance Trust Co. of Delaware bought a new position in shares of Voya Financial in the third quarter worth $215,000. IFM Investors Pty Ltd bought a new position in Voya Financial in the third quarter valued at about $254,000. TLP Group LLC bought a new position in Voya Financial in the second quarter valued at about $262,000. Finally, Stephens Inc. AR bought a new position in Voya Financial in the third quarter valued at about $273,000. Institutional investors own 96.79% of the company’s stock.
About Voya Financial
Voya Financial, Inc is a retirement, investment and insurance company. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions.
Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.