Deutsche Bank began coverage on shares of Voya Financial (NYSE:VOYA) in a research note released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $59.00 price target on the asset manager’s stock.
Other equities research analysts have also issued research reports about the company. BidaskClub raised Voya Financial from a hold rating to a buy rating in a research report on Saturday, September 23rd. Royal Bank of Canada reissued a buy rating and set a $46.00 target price on shares of Voya Financial in a research report on Wednesday, September 6th. Wells Fargo & Co reissued a buy rating and set a $58.00 target price on shares of Voya Financial in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a buy rating and set a $55.00 target price on shares of Voya Financial in a research report on Thursday, December 21st. Finally, Sandler O’Neill raised Voya Financial from a hold rating to a buy rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Voya Financial presently has a consensus rating of Buy and a consensus price target of $52.18.
Shares of Voya Financial (NYSE VOYA) opened at $50.73 on Tuesday. 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 stock has a market capitalization of $9,120.00, a PE ratio of -28.50, a price-to-earnings-growth ratio of 0.62 and a beta of 1.65. Voya Financial has a 12-month low of $33.53 and a 12-month high of $52.48.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $226.50 million during the quarter, compared to analyst estimates of $322.92 million. During the same period in the prior year, the business earned ($1.24) EPS. equities research analysts expect that Voya Financial will post 2.96 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Wednesday, November 29th. Voya Financial’s dividend payout ratio (DPR) is -2.25%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. KBC Group NV increased its position in Voya Financial by 21.3% during the third quarter. KBC Group NV now owns 68,249 shares of the asset manager’s stock worth $2,722,000 after buying an additional 11,975 shares during the period. Pacer Advisors Inc. increased its position in Voya Financial by 9.7% during the third quarter. Pacer Advisors Inc. now owns 35,319 shares of the asset manager’s stock worth $1,409,000 after buying an additional 3,111 shares during the period. Oppenheimer Asset Management Inc. increased its position in Voya Financial by 56.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,091 shares of the asset manager’s stock worth $410,000 after buying an additional 4,002 shares during the period. OxFORD Asset Management LLP increased its position in Voya Financial by 16.2% during the second quarter. OxFORD Asset Management LLP now owns 53,472 shares of the asset manager’s stock worth $1,973,000 after buying an additional 7,452 shares during the period. Finally, State Street Corp increased its position in Voya Financial by 1.0% during the second quarter. State Street Corp now owns 5,626,094 shares of the asset manager’s stock worth $207,554,000 after buying an additional 56,189 shares during the period. 96.79% of the stock is currently owned by institutional investors.
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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