Voya Financial Inc (NYSE:VOYA) – Research analysts at SunTrust Banks issued their Q1 2018 earnings per share estimates for Voya Financial in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst M. Hughes anticipates that the asset manager will post earnings per share of $0.86 for the quarter. SunTrust Banks currently has a “Hold” rating and a $54.00 target price on the stock. SunTrust Banks also issued estimates for Voya Financial’s Q2 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.21 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $4.26 EPS and Q4 2019 earnings at $1.31 EPS.
Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 13th. The asset manager reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Voya Financial had a positive return on equity of 3.90% and a negative net margin of 31.38%. The firm had revenue of $2.19 billion for the quarter.
A number of other analysts also recently commented on VOYA. Wells Fargo & Co set a $65.00 target price on Voya Financial and gave the stock a “buy” rating in a research note on Wednesday, February 14th. ValuEngine upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $55.00 target price on shares of Voya Financial in a research note on Thursday, December 21st. Sandler O’Neill upgraded Voya Financial from a “hold” rating to a “buy” rating in a research note on Monday, November 13th. Finally, Deutsche Bank started coverage on Voya Financial in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $59.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Voya Financial has a consensus rating of “Buy” and an average price target of $54.00.
Shares of Voya Financial (VOYA) opened at $50.44 on Monday. Voya Financial has a one year low of $33.53 and a one year high of $54.87. The company has a quick ratio of 0.14, a current ratio of 0.17 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $9,100.00, a PE ratio of -21.56, a PEG ratio of 0.65 and a beta of 1.61.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC raised its holdings in shares of Voya Financial by 470.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 2,000,123 shares of the asset manager’s stock valued at $98,946,000 after acquiring an additional 1,649,729 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Voya Financial by 214.6% during the fourth quarter. Teachers Advisors LLC now owns 781,195 shares of the asset manager’s stock valued at $38,646,000 after acquiring an additional 532,904 shares during the last quarter. Lomas Capital Management LLC acquired a new position in shares of Voya Financial during the fourth quarter valued at approximately $24,717,000. Prana Capital Management LP acquired a new position in shares of Voya Financial during the fourth quarter valued at approximately $24,064,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Voya Financial during the fourth quarter valued at approximately $20,560,000. 97.45% of the stock is owned by institutional investors.
Voya Financial declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 13th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the asset manager to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, February 28th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. Voya Financial’s payout ratio is -1.71%.
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About Voya Financial
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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