Voya Financial (NYSE:VOYA) had its target price raised by Morgan Stanley from $62.00 to $66.00 in a report released on Wednesday morning, Stock Target Advisor reports. They currently have an overweight rating on the asset manager’s stock.
Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the company a sector perform rating in a report on Thursday, May 9th. Credit Suisse Group boosted their price objective on shares of Conagra Brands from $24.00 to $27.00 and gave the company a neutral rating in a report on Tuesday, March 26th. Finally, TheStreet raised shares of Voya Financial from a c+ rating to a b- rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $59.60.
Shares of NYSE VOYA opened at $56.93 on Wednesday. The firm has a market capitalization of $8.17 billion, a PE ratio of 14.09, a P/E/G ratio of 0.42 and a beta of 1.44. The firm’s 50 day moving average price is $54.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.17 and a current ratio of 0.17. Voya Financial has a 52-week low of $36.66 and a 52-week high of $57.24.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, May 7th. The asset manager reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.05). The firm had revenue of $194.00 million for the quarter, compared to analyst estimates of $272.72 million. Voya Financial had a net margin of 5.64% and a return on equity of 8.45%. During the same quarter in the prior year, the firm posted $1.03 EPS. On average, analysts forecast that Voya Financial will post 5.5 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, May 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date of this dividend was Thursday, May 30th. Voya Financial’s payout ratio is currently 0.99%.
In related news, Director Byron H. Pollitt, Jr. purchased 1,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $51.26 per share, with a total value of $51,260.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patricia J. Walsh sold 1,870 shares of Voya Financial stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $53.69, for a total transaction of $100,400.30. Following the completion of the transaction, the insider now directly owns 27,488 shares in the company, valued at approximately $1,475,830.72. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Hexavest Inc. purchased a new stake in Voya Financial in the 2nd quarter worth approximately $30,000. Capital Financial Planning LLC purchased a new stake in Voya Financial in the 4th quarter worth approximately $50,000. FNY Investment Advisers LLC purchased a new stake in Voya Financial in the 1st quarter worth approximately $74,000. Covington Capital Management purchased a new stake in Voya Financial in the 4th quarter worth approximately $69,000. Finally, Kinneret Advisory LLC purchased a new stake in Voya Financial in the 4th quarter worth approximately $85,000.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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