Credit Suisse Group AG started coverage on shares of Voya Financial Inc. (NYSE:VOYA) in a research note released on Friday morning. The firm issued an outperform rating and a $39.00 price objective on the stock.
Several other research firms also recently weighed in on VOYA. TheStreet raised shares of Voya Financial from a hold rating to a buy rating in a report on Wednesday, October 5th. Wells Fargo & Co. started coverage on shares of Voya Financial in a report on Thursday, September 22nd. They issued a market perform rating for the company. Zacks Investment Research raised shares of Voya Financial from a sell rating to a hold rating in a report on Saturday, August 6th. Goldman Sachs Group Inc. downgraded shares of Voya Financial from a buy rating to a neutral rating and cut their price target for the company from $39.00 to $29.00 in a report on Friday, July 15th. Finally, Deutsche Bank AG cut their price target on shares of Voya Financial from $41.00 to $37.00 and set a buy rating for the company in a report on Thursday, July 14th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Voya Financial has an average rating of Buy and a consensus price target of $38.75.
Shares of Voya Financial (NYSE:VOYA) traded up 0.36% during midday trading on Friday, hitting $30.85. 424,128 shares of the stock were exchanged. The stock’s 50-day moving average price is $28.94 and its 200 day moving average price is $29.06. The stock has a market cap of $6.18 billion, a P/E ratio of 22.90 and a beta of 1.55. Voya Financial has a one year low of $22.75 and a one year high of $42.45.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Voya Financial had a net margin of 2.88% and a return on equity of 3.44%. During the same period in the prior year, the company earned $0.78 earnings per share. On average, analysts anticipate that Voya Financial will post $3.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st were issued a $0.01 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.13%. Voya Financial’s dividend payout ratio is 2.86%.
Several institutional investors have recently modified their holdings of VOYA. Pacer Advisors Inc. increased its position in shares of Voya Financial by 8.0% in the second quarter. Pacer Advisors Inc. now owns 4,127 shares of the company’s stock worth $102,000 after buying an additional 306 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in Voya Financial during the second quarter worth approximately $132,000. Zweig DiMenna Associates LLC purchased a new position in Voya Financial during the second quarter worth approximately $208,000. Loews Corp increased its position in Voya Financial by 32.0% in the second quarter. Loews Corp now owns 9,175 shares of the company’s stock worth $227,000 after buying an additional 2,225 shares in the last quarter. Finally, Advance Capital I Inc. purchased a new position in Voya Financial during the second quarter worth approximately $228,000. Institutional investors own 96.83% of the company’s stock.
Voya Financial Company Profile
Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.
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