Voya Financial Inc (VOYA) Sees Large Growth in Short Interest

Voya Financial Inc (NYSE:VOYA) saw a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 19,969,394 shares, an increase of 64.4% from the December 15th total of 12,144,466 shares. Currently, 11.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,352,682 shares, the short-interest ratio is currently 8.5 days.

Shares of Voya Financial (NYSE VOYA) opened at $54.43 on Friday. The stock has a market capitalization of $9,750.00, a price-to-earnings ratio of -30.58, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. Voya Financial has a one year low of $33.53 and a one year high of $54.66.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.39). The firm had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. During the same quarter in the previous year, the firm earned ($1.24) earnings per share. equities research analysts predict that Voya Financial will post 2.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were paid a $0.01 dividend. 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 payout ratio is presently -2.25%.

Several research analysts have weighed in on VOYA shares. BidaskClub raised Voya Financial from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Goldman Sachs Group started coverage on Voya Financial in a research report on Wednesday, October 18th. They issued a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Co set a $50.00 price objective on Voya Financial and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reissued a “buy” rating and issued a $50.00 price objective on shares of Voya Financial in a research report on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Voya Financial presently has an average rating of “Buy” and a consensus target price of $52.18.

Several institutional investors and hedge funds have recently modified their holdings of VOYA. State of Alaska Department of Revenue bought a new stake in shares of Voya Financial during the 4th quarter valued at $538,000. Acadian Asset Management LLC raised its stake in shares of Voya Financial by 2.2% during the 4th quarter. Acadian Asset Management LLC now owns 4,884,575 shares of the asset manager’s stock valued at $241,642,000 after purchasing an additional 105,752 shares during the period. Westpac Banking Corp raised its stake in shares of Voya Financial by 32.9% during the 4th quarter. Westpac Banking Corp now owns 99,246 shares of the asset manager’s stock valued at $4,910,000 after purchasing an additional 24,544 shares during the period. Coastline Trust Co bought a new stake in shares of Voya Financial during the 4th quarter valued at $399,000. Finally, IFM Investors Pty Ltd bought a new stake in shares of Voya Financial during the 3rd quarter valued at $254,000. Hedge funds and other institutional investors own 96.80% 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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