Credit Suisse Group set a $59.00 price objective on Voya Financial (NYSE:VOYA) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the asset manager’s stock.
VOYA has been the topic of several other research reports. Royal Bank of Canada lowered their target price on shares of Voya Financial to $55.00 and set an outperform rating on the stock in a research note on Thursday, November 1st. ValuEngine cut shares of Voya Financial from a hold rating to a sell rating in a research note on Monday, October 29th. Finally, Morgan Stanley lowered their target price on shares of Voya Financial from $60.00 to $58.00 and set an overweight rating on the stock in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. Voya Financial presently has a consensus rating of Buy and a consensus target price of $59.08.
VOYA traded down $0.84 during midday trading on Friday, hitting $45.63. 1,158,150 shares of the company traded hands, compared to its average volume of 2,051,548. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $7.19 billion, a P/E ratio of 15.16, a P/E/G ratio of 0.60 and a beta of 1.45. Voya Financial has a 52 week low of $40.49 and a 52 week high of $55.27.
Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, October 30th. The asset manager reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.15. The business had revenue of $163.00 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.51 EPS. Research analysts forecast that Voya Financial will post 4.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Friday, November 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Thursday, November 29th. Voya Financial’s dividend payout ratio (DPR) is presently 1.33%.
Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC lifted its stake in shares of Voya Financial by 66.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 2,533 shares of the asset manager’s stock worth $128,000 after purchasing an additional 1,007 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Voya Financial by 46.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,087 shares of the asset manager’s stock worth $157,000 after purchasing an additional 983 shares during the period. Cerebellum GP LLC bought a new position in shares of Voya Financial in the 3rd quarter worth approximately $184,000. Raymond James Trust N.A. bought a new position in shares of Voya Financial in the 3rd quarter worth approximately $203,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Voya Financial in the 2nd quarter worth approximately $194,000.
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.
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