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.
ILLEGAL ACTIVITY WARNING: “Voya Financial Inc (VOYA) Sees Large Growth in Short Interest” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/20/voya-financial-inc-voya-sees-large-growth-in-short-interest.html.
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.
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 MarketBeat.com's FREE daily email newsletter.