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.
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.
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