ValuEngine cut shares of Voya Financial (NYSE:VOYA) from a buy rating to a hold rating in a research report report published on Thursday morning.
Several other research firms have also weighed in on VOYA. Goldman Sachs Group initiated coverage on shares of Voya Financial in a report on Wednesday, June 20th. They set a neutral rating and a $60.00 target price on the stock. Morgan Stanley lifted their target price on shares of Voya Financial from $59.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, May 2nd. Barclays initiated coverage on shares of Voya Financial in a report on Friday, June 8th. They set an equal weight rating and a $55.00 target price on the stock. UBS Group initiated coverage on shares of Voya Financial in a report on Friday, March 2nd. They set a buy rating and a $65.00 target price on the stock. Finally, Wells Fargo & Co set a $62.00 target price on shares of Voya Financial and gave the company a buy rating in a report on Tuesday, May 1st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $59.46.
Voya Financial opened at $47.00 on Thursday, Marketbeat.com reports. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.50. The firm has a market cap of $7.96 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 0.63 and a beta of 1.52. Voya Financial has a twelve month low of $35.82 and a twelve month high of $55.27.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 1st. The asset manager reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). Voya Financial had a negative net margin of 25.86% and a positive return on equity of 4.01%. During the same quarter last year, the business posted $0.51 EPS. sell-side analysts forecast that Voya Financial will post 4.23 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 28th. Stockholders of record on Tuesday, May 29th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Friday, May 25th. Voya Financial’s payout ratio is currently 1.33%.
In related news, insider Charles P. Nelson bought 13,900 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The stock was bought at an average price of $50.25 per share, with a total value of $698,475.00. Following the transaction, the insider now owns 45,382 shares of the company’s stock, valued at $2,280,445.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Castleark Management LLC bought a new stake in shares of Voya Financial in the 4th quarter worth about $5,362,000. Quantitative Investment Management LLC acquired a new position in shares of Voya Financial in the 4th quarter valued at about $326,000. Two Sigma Investments LP boosted its holdings in shares of Voya Financial by 19.1% in the 4th quarter. Two Sigma Investments LP now owns 308,322 shares of the asset manager’s stock valued at $15,253,000 after buying an additional 49,529 shares during the period. Advisor Group Inc. boosted its holdings in shares of Voya Financial by 171.6% in the 4th quarter. Advisor Group Inc. now owns 4,576 shares of the asset manager’s stock valued at $226,000 after buying an additional 2,891 shares during the period. Finally, Eagle Global Advisors LLC acquired a new position in shares of Voya Financial in the 4th quarter valued at about $247,000.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and insurance company in the United States. It operates through Retirement, Investment Management, Individual Life, and Employee Benefits segments. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual account rollover plans and other retail financial products, as well as financial planning and advisory services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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