Short Interest in Voya Financial Inc (VOYA) Increases By 42.9%

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.

TRADEMARK VIOLATION NOTICE: “Short Interest in Voya Financial Inc (VOYA) Increases By 42.9%” was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://transcriptdaily.com/2018/01/05/short-interest-in-voya-financial-inc-voya-increases-by-42-9.html.

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.

Receive News & Ratings for Voya Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply