Several other equities analysts have also recently issued reports on VOYA. Zacks Investment Research upgraded Voya Financial from a sell rating to a hold rating in a research report on Saturday, August 6th. Wells Fargo & Co. assumed coverage on Voya Financial in a research report on Thursday, September 22nd. They set a market perform rating on the stock. Deutsche Bank AG dropped their target price on Voya Financial from $41.00 to $37.00 and set a buy rating on the stock in a research report on Thursday, July 7th. Goldman Sachs Group Inc. cut Voya Financial from a buy rating to a neutral rating and dropped their target price for the stock from $39.00 to $29.00 in a research report on Friday, July 15th. Finally, Citigroup Inc. dropped their target price on Voya Financial from $34.00 to $29.00 and set a neutral rating on the stock in a research report on Thursday, July 7th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $38.75.
Voya Financial (NYSE:VOYA) opened at 30.74 on Wednesday. The company’s 50-day moving average price is $28.94 and its 200-day moving average price is $29.06. Voya Financial has a 12 month low of $22.75 and a 12 month high of $42.45. The stock has a market cap of $6.16 billion, a P/E ratio of 22.82 and a beta of 1.55.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.79 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. Voya Financial had a return on equity of 3.44% and a net margin of 2.88%. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Equities analysts forecast that Voya Financial will post $3.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Monday, August 29th. Voya Financial’s dividend payout ratio (DPR) is presently 2.86%.
A number of large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC boosted its stake in shares of Voya Financial by 88.0% in the first quarter. Riverhead Capital Management LLC now owns 262,857 shares of the company’s stock worth $7,825,000 after buying an additional 123,065 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Voya Financial by 91.2% in the first quarter. Quadrature Capital Ltd now owns 35,035 shares of the company’s stock worth $1,043,000 after buying an additional 16,715 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of Voya Financial by 49.1% in the first quarter. Rafferty Asset Management LLC now owns 28,415 shares of the company’s stock worth $846,000 after buying an additional 9,360 shares during the period. Pegasus Partners Ltd. bought a new stake in shares of Voya Financial during the first quarter worth approximately $449,000. Finally, Credit Agricole S A boosted its stake in shares of Voya Financial by 22.0% in the first quarter. Credit Agricole S A now owns 197,977 shares of the company’s stock worth $5,894,000 after buying an additional 35,711 shares during the period. Hedge funds and other 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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