Voya Financial (VOYA) – Research Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Voya Financial (NYSE: VOYA):

  • 11/1/2018 – Voya Financial had its price target lowered by analysts at Royal Bank of Canada to $55.00. They now have an “outperform” rating on the stock.
  • 10/31/2018 – Voya Financial had its price target lowered by analysts at Morgan Stanley from $60.00 to $58.00. They now have an “overweight” rating on the stock.
  • 10/31/2018 – Voya Financial had its price target lowered by analysts at Credit Suisse Group AG from $62.00 to $59.00. They now have a “buy” rating on the stock.
  • 10/29/2018 – Voya Financial was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

NYSE VOYA opened at $44.97 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.57 and a beta of 1.45. Voya Financial Inc has a 52 week low of $40.49 and a 52 week high of $55.27.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, October 30th. The asset manager reported $1.34 EPS for the quarter, topping the consensus estimate of $1.19 by $0.15. The company had revenue of $163.00 million during the quarter, compared to analyst estimates of $297.80 million. Voya Financial had a negative net margin of 28.31% and a positive return on equity of 7.01%. During the same period in the previous year, the firm earned $0.51 earnings per share. Analysts predict that Voya Financial Inc will post 4.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, November 29th. Voya Financial’s payout ratio is 1.33%.

Institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC raised its stake in Voya Financial by 66.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 1,007 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Voya Financial by 46.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock worth $157,000 after acquiring an additional 983 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Voya Financial during the 3rd quarter worth about $184,000. Tower Research Capital LLC TRC acquired a new stake in shares of Voya Financial during the 2nd quarter worth about $194,000. Finally, Point72 Hong Kong Ltd acquired a new position in Voya Financial during the second quarter worth approximately $195,000.

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.

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