Voya Financial Inc (NYSE:VOYA) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 12,144,466 shares, an increase of 42.9% from the November 30th total of 8,500,730 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily volume of 1,882,255 shares, the days-to-cover ratio is currently 6.5 days.
Shares of Voya Financial (VOYA) opened at $50.34 on Friday. The stock has a market cap of $8,940.61, a price-to-earnings ratio of -28.12, a P/E/G ratio of 0.62 and a beta of 1.65. Voya Financial has a fifty-two week low of $33.53 and a fifty-two week high of $52.48. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.44.
Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.39). The business had revenue of $226.50 million during the quarter, compared to the consensus estimate of $322.92 million. Voya Financial had a positive return on equity of 3.92% and a negative net margin of 3.64%. During the same quarter in the prior year, the company posted ($1.24) earnings per share. analysts anticipate that Voya Financial will post 2.93 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Wednesday, November 29th. Voya Financial’s dividend payout ratio is presently -2.23%.
Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Evercore ISI upgraded shares of Voya Financial to a “buy” rating and set a $60.00 price target on the stock in a report on Wednesday, December 27th. Wells Fargo & Co restated a “buy” rating and set a $58.00 price target on shares of Voya Financial in a report on Friday, December 22nd. Deutsche Bank assumed coverage on shares of Voya Financial in a report on Tuesday. They set a “buy” rating and a $59.00 price target on the stock. Finally, BTIG Research restated a “buy” rating and set a $59.00 price target on shares of Voya Financial in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $52.18.
A number of large investors have recently modified their holdings of VOYA. Toronto Dominion Bank boosted its holdings in Voya Financial by 7.9% during the second quarter. Toronto Dominion Bank now owns 2,728 shares of the asset manager’s stock valued at $101,000 after acquiring an additional 199 shares during the period. Reliance Trust Co. of Delaware bought a new stake in Voya Financial during the third quarter valued at about $215,000. IFM Investors Pty Ltd bought a new stake in Voya Financial during the third quarter valued at about $254,000. Private Advisor Group LLC bought a new stake in Voya Financial during the third quarter valued at about $274,000. Finally, Stephens Inc. AR bought a new stake in Voya Financial during the third quarter valued at about $273,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.
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Voya Financial Company Profile
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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