Voya Financial Inc (NYSE:VOYA) – Analysts at SunTrust Banks issued their Q1 2020 EPS estimates for shares of Voya Financial in a research report issued on Tuesday, February 11th. SunTrust Banks analyst M. Hughes forecasts that the asset manager will earn $1.00 per share for the quarter. SunTrust Banks has a “Hold” rating and a $58.00 price target on the stock. SunTrust Banks also issued estimates for Voya Financial’s Q2 2020 earnings at $1.16 EPS, Q3 2020 earnings at $1.26 EPS, Q4 2020 earnings at $1.51 EPS and FY2020 earnings at $4.90 EPS.
Other research analysts also recently issued reports about the company. Royal Bank of Canada boosted their target price on Voya Financial from $65.00 to $68.00 and gave the stock a “sell” rating in a report on Friday, December 20th. They noted that the move was a valuation call. ValuEngine raised Voya Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 3rd. TheStreet raised Voya Financial from a “c+” rating to a “b” rating in a report on Friday, November 29th. Morgan Stanley reduced their price objective on Voya Financial from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $77.00 price objective (up previously from $72.00) on shares of Voya Financial in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.67.
Shares of VOYA opened at $62.58 on Friday. The company has a market capitalization of $8.41 billion, a P/E ratio of -22.51, a PEG ratio of 0.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.16 and a quick ratio of 0.16. Voya Financial has a one year low of $47.71 and a one year high of $63.37. The business’s 50 day simple moving average is $61.36 and its 200-day simple moving average is $56.36.
Voya Financial (NYSE:VOYA) last announced its earnings results on Monday, February 10th. The asset manager reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $276.00 million for the quarter, compared to the consensus estimate of $268.00 million. Voya Financial had a positive return on equity of 7.15% and a negative net margin of 4.38%. During the same period in the previous year, the business earned $1.40 EPS.
Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its stake in shares of Voya Financial by 13.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,786 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 206 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Voya Financial by 31.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 936 shares of the asset manager’s stock valued at $57,000 after purchasing an additional 224 shares during the period. Raymond James Trust N.A. increased its position in shares of Voya Financial by 5.0% in the 4th quarter. Raymond James Trust N.A. now owns 6,167 shares of the asset manager’s stock valued at $376,000 after buying an additional 295 shares in the last quarter. World Asset Management Inc increased its position in shares of Voya Financial by 4.7% in the 3rd quarter. World Asset Management Inc now owns 7,017 shares of the asset manager’s stock valued at $382,000 after buying an additional 317 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Voya Financial by 387.9% in the 4th quarter. Advisory Services Network LLC now owns 483 shares of the asset manager’s stock valued at $30,000 after buying an additional 384 shares in the last quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, February 27th. Voya Financial’s dividend payout ratio is 14.22%.
About Voya Financial
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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