BidaskClub upgraded shares of Voya Financial Inc (NYSE:VOYA) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning.
VOYA has been the subject of a number of other reports. Barclays PLC restated a hold rating and issued a $41.00 target price on shares of Voya Financial in a research note on Sunday, February 19th. Citigroup Inc restated a focus list rating on shares of Voya Financial in a research note on Tuesday, February 21st. Morgan Stanley lifted their target price on Voya Financial from $50.00 to $52.00 and gave the company an overweight rating in a research note on Wednesday, March 15th. Keefe, Bruyette & Woods restated a buy rating and issued a $51.00 target price on shares of Voya Financial in a research note on Thursday, March 16th. Finally, JPMorgan Chase & Co. decreased their target price on Voya Financial from $39.00 to $38.00 and set an underweight rating for the company in a research note on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $42.36.
Voya Financial (NYSE VOYA) traded up 2.38% during mid-day trading on Friday, hitting $36.97. The stock had a trading volume of 1,502,649 shares. The firm’s market cap is $6.87 billion. Voya Financial has a 12-month low of $22.75 and a 12-month high of $42.96. The company has a 50-day moving average of $36.11 and a 200-day moving average of $38.74.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Wednesday, May 3rd. The asset manager reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.07. The business had revenue of $303.20 million during the quarter, compared to the consensus estimate of $293.84 million. Voya Financial had a positive return on equity of 3.39% and a negative net margin of 4.20%. During the same period last year, the firm earned $0.55 earnings per share. Analysts expect that Voya Financial will post $3.55 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, May 26th. This represents a $0.04 annualized dividend and a yield of 0.11%. Voya Financial’s payout ratio is -1.77%.
In other Voya Financial news, insider Michael S. Smith purchased 5,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $35.24 per share, for a total transaction of $176,200.00. Following the completion of the transaction, the insider now owns 69,142 shares in the company, valued at approximately $2,436,564.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin D. Silva sold 4,039 shares of Voya Financial stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $37.29, for a total transaction of $150,614.31. Following the completion of the transaction, the insider now owns 23,825 shares in the company, valued at approximately $888,434.25. The disclosure for this sale can be found here. In the last three months, insiders have purchased 14,299 shares of company stock worth $505,087 and have sold 41,497 shares worth $1,553,492. 0.17% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Clear Harbor Asset Management LLC raised its position in Voya Financial by 0.6% in the first quarter. Clear Harbor Asset Management LLC now owns 16,605 shares of the asset manager’s stock valued at $630,000 after buying an additional 100 shares during the period. Envestnet Asset Management Inc. raised its position in Voya Financial by 1.0% in the first quarter. Envestnet Asset Management Inc. now owns 12,760 shares of the asset manager’s stock valued at $486,000 after buying an additional 126 shares during the period. Mackenzie Financial Corp raised its position in Voya Financial by 0.5% in the first quarter. Mackenzie Financial Corp now owns 51,119 shares of the asset manager’s stock valued at $1,940,000 after buying an additional 275 shares during the period. Gulf International Bank UK Ltd raised its position in Voya Financial by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 62,894 shares of the asset manager’s stock valued at $2,387,000 after buying an additional 300 shares during the period. Finally, FCA Corp TX raised its position in Voya Financial by 0.7% in the first quarter. FCA Corp TX now owns 53,635 shares of the asset manager’s stock valued at $2,036,000 after buying an additional 370 shares during the period. Hedge funds and other institutional investors own 98.37% of the company’s stock.
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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