ValuEngine cut shares of Voya Financial, Inc. (NYSE:VOYA) from a strong-buy rating to a buy rating in a research note published on Monday.
Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Voya Financial from a hold rating to a buy rating in a research note on Wednesday, August 2nd. Wells Fargo & Company reaffirmed a buy rating on shares of Voya Financial in a research note on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a buy rating and issued a $44.00 target price on shares of Voya Financial in a research note on Wednesday, July 12th. Citigroup Inc. set a $51.00 target price on shares of Voya Financial and gave the company a buy rating in a research note on Monday, May 8th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $50.00 target price on shares of Voya Financial in a research note on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $46.11.
Voya Financial (VOYA) opened at 39.66 on Monday. Voya Financial has a 52-week low of $27.08 and a 52-week high of $42.96. The company’s 50-day moving average is $37.63 and its 200-day moving average is $38.19. The firm’s market capitalization is $7.37 billion.
Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, August 1st. The asset manager reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.18. The company had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $318.84 million. Voya Financial had a negative net margin of 7.67% and a positive return on equity of 3.68%. During the same period in the prior year, the business earned $0.79 earnings per share. Analysts forecast that Voya Financial will post $3.38 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Tuesday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently -1.04%.
In other news, insider Kevin D. Silva sold 8,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $40.28, for a total value of $342,380.00. Following the transaction, the insider now owns 5,379 shares in the company, valued at $216,666.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael S. Smith bought 5,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was purchased at an average price of $35.24 per share, for a total transaction of $176,200.00. Following the acquisition, the insider now directly owns 69,142 shares of the company’s stock, valued at approximately $2,436,564.08. The disclosure for this purchase can be found here. Company insiders own 0.24% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Voya Financial by 3,875.4% in the first quarter. BlackRock Inc. now owns 10,651,213 shares of the asset manager’s stock valued at $404,319,000 after buying an additional 10,383,288 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Voya Financial by 14.3% in the first quarter. Acadian Asset Management LLC now owns 6,065,725 shares of the asset manager’s stock valued at $230,257,000 after buying an additional 759,147 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Voya Financial by 28.0% in the second quarter. JPMorgan Chase & Co. now owns 5,655,104 shares of the asset manager’s stock valued at $208,617,000 after buying an additional 1,236,885 shares in the last quarter. LSV Asset Management boosted its position in shares of Voya Financial by 1.1% in the first quarter. LSV Asset Management now owns 2,919,500 shares of the asset manager’s stock valued at $110,824,000 after buying an additional 31,100 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Voya Financial by 88.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,524,796 shares of the asset manager’s stock valued at $95,841,000 after buying an additional 1,187,263 shares in the last quarter.
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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