Shares of Voya Financial Inc (NYSE:VOYA) have received a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $57.18.

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated a “buy” rating and issued a $60.00 target price on shares of Voya Financial in a report on Monday, July 20th. Barclays assumed coverage on shares of Voya Financial in a report on Thursday, August 13th. They issued an “overweight” rating and a $60.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of Voya Financial in a report on Tuesday, August 18th. They issued an “overweight” rating and a $62.00 target price on the stock. Morgan Stanley upped their target price on shares of Voya Financial from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Truist Financial upped their target price on shares of Voya Financial from $45.00 to $53.00 and gave the company a “hold” rating in a report on Thursday, August 13th.

Shares of Voya Financial stock traded down $0.10 on Friday, hitting $47.73. The company’s stock had a trading volume of 38,946 shares, compared to its average volume of 1,541,301. Voya Financial has a 52-week low of $29.75 and a 52-week high of $63.81. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $50.59 and a 200-day moving average price of $46.23. The company has a market capitalization of $6.04 billion, a P/E ratio of -8.01 and a beta of 1.41.

Voya Financial (NYSE:VOYA) last released its earnings results on Wednesday, August 5th. The asset manager reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.66). The firm had revenue of $93.00 million during the quarter, compared to analysts’ expectations of $221.50 million. Voya Financial had a negative net margin of 11.29% and a positive return on equity of 6.56%. As a group, analysts expect that Voya Financial will post 3.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, August 28th. Voya Financial’s dividend payout ratio is currently 14.22%.

Several hedge funds and other institutional investors have recently bought and sold shares of VOYA. Twin Tree Management LP acquired a new stake in Voya Financial during the 2nd quarter worth approximately $31,000. WASHINGTON TRUST Co acquired a new stake in Voya Financial during the 1st quarter worth approximately $36,000. TFO TDC LLC acquired a new stake in Voya Financial during the 2nd quarter worth approximately $48,000. Rockefeller Capital Management L.P. increased its position in Voya Financial by 255.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,240 shares of the asset manager’s stock worth $50,000 after purchasing an additional 891 shares in the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new stake in Voya Financial during the 2nd quarter worth approximately $56,000.

Voya Financial Company Profile

Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.

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Analyst Recommendations for Voya Financial (NYSE:VOYA)

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