Voya Financial, Inc. (NYSE:VOYA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Voya Financial, Inc. (NYSE:VOYA) have received an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $83.55.

Several research firms have issued reports on VOYA. Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Morgan Stanley raised shares of Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $76.00 to $87.00 in a research report on Friday, February 28th. Evercore ISI decreased their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Royal Bank of Canada lowered their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler reduced their price target on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 18th.

Voya Financial Price Performance

NYSE VOYA opened at $69.41 on Friday. The company has a market cap of $6.63 billion, a PE ratio of 11.34, a P/E/G ratio of 0.48 and a beta of 1.03. The firm’s 50 day moving average price is $70.50 and its 200-day moving average price is $74.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. Voya Financial has a 52-week low of $64.10 and a 52-week high of $84.30.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Sell-side analysts forecast that Voya Financial will post 8.39 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a yield of 2.59%. Voya Financial’s dividend payout ratio is currently 29.41%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after buying an additional 183 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 327 shares during the period. Quarry LP purchased a new stake in shares of Voya Financial in the 4th quarter valued at $37,000. R Squared Ltd acquired a new stake in shares of Voya Financial in the fourth quarter worth $41,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.