Voya Financial (NYSE:VOYA) Upgraded to “B” by TheStreet

TheStreet upgraded shares of Voya Financial (NYSE:VOYA) from a c+ rating to a b rating in a research report sent to investors on Friday morning, TheStreetRatingsTable reports.

Other equities research analysts also recently issued research reports about the stock. UBS Group upped their price target on shares of Voya Financial from $57.00 to $59.00 and gave the company a buy rating in a research note on Thursday, October 10th. ValuEngine upgraded Voya Financial from a strong sell rating to a sell rating in a report on Tuesday. Citigroup dropped their price objective on Voya Financial from $65.00 to $62.00 and set a buy rating on the stock in a research note on Friday, September 13th. SunTrust Banks raised their price objective on Voya Financial to $58.00 and gave the stock a hold rating in a report on Friday, November 8th. Finally, Morgan Stanley set a $63.00 target price on Voya Financial and gave the company a buy rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Voya Financial currently has an average rating of Hold and a consensus target price of $59.88.

VOYA opened at $57.76 on Friday. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 0.53 and a beta of 1.51. The company has a fifty day moving average of $56.00 and a 200 day moving average of $54.06. Voya Financial has a fifty-two week low of $36.66 and a fifty-two week high of $59.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.16 and a current ratio of 0.16.

Voya Financial (NYSE:VOYA) last announced its quarterly earnings results on Tuesday, November 5th. The asset manager reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). Voya Financial had a net margin of 5.77% and a return on equity of 7.82%. The firm had revenue of $187.00 million for the quarter, compared to the consensus estimate of $301.05 million. During the same period in the previous year, the company posted $1.34 earnings per share. On average, equities research analysts forecast that Voya Financial will post 5.43 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 27th. Voya Financial’s dividend payout ratio (DPR) is 14.85%.

In other news, CEO Rodney O. Martin, Jr. sold 129,684 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $57.86, for a total value of $7,503,516.24. Following the completion of the sale, the chief executive officer now owns 159,373 shares in the company, valued at approximately $9,221,321.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.69% of the company’s stock.

Several large investors have recently made changes to their positions in VOYA. Bank of New York Mellon Corp boosted its stake in Voya Financial by 22.3% in the second quarter. Bank of New York Mellon Corp now owns 6,322,502 shares of the asset manager’s stock valued at $349,634,000 after acquiring an additional 1,151,587 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Voya Financial by 4,011.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,667,991 shares of the asset manager’s stock worth $258,140,000 after purchasing an additional 4,554,466 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Voya Financial by 10.1% in the 2nd quarter. Acadian Asset Management LLC now owns 2,668,280 shares of the asset manager’s stock worth $147,558,000 after purchasing an additional 244,023 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Voya Financial by 0.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,286,972 shares of the asset manager’s stock worth $71,170,000 after purchasing an additional 4,140 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Voya Financial by 11.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,192,924 shares of the asset manager’s stock worth $64,944,000 after buying an additional 122,435 shares during the last quarter.

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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