Deutsche Bank started coverage on shares of Voya Financial (NYSE:VOYA) in a research note issued to investors on Tuesday, January 2nd, MarketBeat.com reports. The firm issued a buy rating and a $59.00 price target on the asset manager’s stock.
A number of other equities research analysts also recently issued reports on VOYA. Wells Fargo & Co restated a buy rating on shares of Voya Financial in a report on Friday, December 8th. Evercore ISI raised shares of Voya Financial to a buy rating and set a $60.00 price target on the stock in a research report on Wednesday, December 27th. Royal Bank of Canada reaffirmed a buy rating and set a $46.00 price target on shares of Voya Financial in a research report on Wednesday, September 6th. Keefe, Bruyette & Woods reissued a buy rating and set a $55.00 target price on shares of Voya Financial in a research report on Thursday, December 21st. Finally, BidaskClub cut shares of Voya Financial from a buy rating to a hold rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $52.18.
Shares of Voya Financial (NYSE:VOYA) opened at $53.50 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44. Voya Financial has a 52 week low of $33.53 and a 52 week high of $54.63. The company has a market cap of $9,620.00, a PE ratio of -30.06, a P/E/G ratio of 0.63 and a beta of 1.65.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.39). The business had revenue of $226.50 million for the quarter, compared to analyst estimates 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 firm posted ($1.24) EPS. research analysts forecast that Voya Financial will post 2.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.07%. Voya Financial’s dividend payout ratio is currently -2.25%.
Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings in Voya Financial by 7.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after acquiring an additional 199 shares during the last quarter. Reliance Trust Co. of Delaware acquired a new stake in Voya Financial in the 3rd quarter valued at about $215,000. IFM Investors Pty Ltd purchased a new stake in Voya Financial during the third quarter valued at about $254,000. TLP Group LLC purchased a new stake in Voya Financial during the second quarter valued at about $262,000. Finally, Stephens Inc. AR purchased a new stake in Voya Financial during the third quarter valued at about $273,000. Institutional investors and hedge funds own 96.79% of the company’s stock.
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Voya Financial Company Profile
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.
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