Brokerages Set Voya Financial, Inc. (NYSE:VOYA) PT at $82.55

Shares of Voya Financial, Inc. (NYSE:VOYA) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $83.55.

A number of equities analysts have recently weighed in on VOYA shares. Wells Fargo & Company increased their price target on Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Bank of America reissued a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Evercore ISI decreased their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 10th. Finally, Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Institutional Investors Weigh In On Voya Financial

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after acquiring an additional 801 shares in the last quarter. Raymond James & Associates raised its position in shares of Voya Financial by 0.3% during the 3rd quarter. Raymond James & Associates now owns 119,375 shares of the asset manager’s stock worth $9,457,000 after acquiring an additional 320 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Voya Financial by 15,513.4% during the 3rd quarter. International Assets Investment Management LLC now owns 20,922 shares of the asset manager’s stock worth $1,657,000 after acquiring an additional 20,788 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Voya Financial by 10.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,646 shares of the asset manager’s stock worth $1,002,000 after acquiring an additional 1,150 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Voya Financial by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock worth $905,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

Voya Financial Stock Performance

NYSE VOYA opened at $72.32 on Monday. The stock has a market cap of $6.91 billion, a PE ratio of 11.82, a P/E/G ratio of 0.48 and a beta of 1.05. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. Voya Financial has a twelve month low of $64.10 and a twelve month high of $84.30. The stock has a fifty day simple moving average of $70.35 and a 200-day simple moving average of $74.40.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Equities analysts anticipate that Voya Financial will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, February 25th. Voya Financial’s dividend payout ratio is currently 29.41%.

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.