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

Shares of Voya Financial, Inc. (NYSE:VOYA) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $82.55.

A number of research firms have recently issued reports on VOYA. Keefe, Bruyette & Woods reduced their price target on shares of Voya Financial from $90.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Wells Fargo & Company raised their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Morgan Stanley lowered their price objective on shares of Voya Financial from $78.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, Piper Sandler decreased their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th.

Voya Financial Stock Performance

NYSE:VOYA opened at $71.97 on Monday. Voya Financial has a twelve month low of $64.10 and a twelve month high of $84.30. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $70.10 and a 200-day moving average of $74.39. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Analysts forecast that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.50%. Voya Financial’s dividend payout ratio is 29.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VOYA. Blue Trust Inc. raised its holdings in 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 purchasing an additional 801 shares during the last quarter. Raymond James & Associates raised its holdings in 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 purchasing an additional 320 shares during the last quarter. International Assets Investment Management LLC grew 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 buying an additional 20,788 shares during the period. Wealth Enhancement Advisory Services LLC grew 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 buying an additional 1,150 shares during the period. Finally, State of Alaska Department of Revenue grew 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 buying an additional 245 shares during the period. 96.10% of the stock is owned by institutional investors.

About Voya Financial

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.