Voya Financial, Inc. (VOYA) Rating Increased to Buy at Sandler O’Neill

Voya Financial, Inc. (NYSE:VOYA) was upgraded by investment analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

A number of other brokerages also recently issued reports on VOYA. BidaskClub raised shares of Voya Financial from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 price objective (up previously from $44.00) on shares of Voya Financial in a research report on Wednesday, August 9th. ValuEngine downgraded shares of Voya Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Voya Financial in a research report on Friday. Finally, Wells Fargo & Company set a $50.00 price objective on shares of Voya Financial and gave the stock a “buy” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Voya Financial currently has an average rating of “Buy” and a consensus target price of $47.70.

Shares of Voya Financial (NYSE VOYA) opened at $40.71 on Monday. Voya Financial has a twelve month low of $33.53 and a twelve month high of $42.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $7,317.50, a PE ratio of 14.04, a PEG ratio of 0.73 and a beta of 1.62.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.51 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.39). Voya Financial had a negative net margin of 3.64% and a positive return on equity of 3.92%. The business had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. During the same quarter in the prior year, the firm posted ($1.24) EPS. sell-side analysts expect that Voya Financial will post 3.05 earnings per share for the current year.

Voya Financial declared that its board has authorized a share buyback program on Tuesday, October 31st that authorizes the company to buyback $800.00 million in shares. This buyback authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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Large investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its position in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock worth $101,000 after acquiring an additional 199 shares during the period. Reliance Trust Co. of Delaware acquired a new position in Voya Financial during the third quarter worth $215,000. Paragon Capital Management Ltd acquired a new position in Voya Financial during the second quarter worth $239,000. Stephens Inc. AR acquired a new position in Voya Financial during the third quarter worth $273,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Voya Financial during the second quarter worth $254,000. Institutional investors own 96.62% of the company’s stock.

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.

Analyst Recommendations for Voya Financial (NYSE:VOYA)

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