Jefferies Financial Group Raises Voya Financial (NYSE:VOYA) Price Target to $79.00

Voya Financial (NYSE:VOYA) had its target price boosted by Jefferies Financial Group from $76.00 to $79.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the asset manager’s stock.

VOYA has been the topic of a number of other research reports. Morgan Stanley dropped their price objective on Voya Financial from $79.00 to $78.00 and set an overweight rating on the stock in a research note on Friday, March 1st. Wells Fargo & Company upped their price objective on Voya Financial from $91.00 to $92.00 and gave the stock an overweight rating in a research note on Friday, May 10th. Evercore ISI upped their price objective on Voya Financial from $79.00 to $80.00 and gave the stock an outperform rating in a research note on Thursday, April 11th. Finally, Piper Sandler upped their price objective on Voya Financial from $78.00 to $86.00 and gave the stock an overweight rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $83.89.

Voya Financial Trading Down 0.2 %

NYSE:VOYA opened at $71.15 on Friday. Voya Financial has a twelve month low of $63.02 and a twelve month high of $77.00. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $72.66 and a two-hundred day moving average price of $71.50. The company has a market cap of $7.16 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.50 and a beta of 1.07.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.30. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $1.69 EPS. The business’s revenue was up 11.8% on a year-over-year basis. As a group, analysts expect that Voya Financial will post 8.53 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, May 24th. Voya Financial’s dividend payout ratio is 22.73%.

Insider Buying and Selling at Voya Financial

In other Voya Financial news, Director Yvette S. Butler sold 2,165 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.37% of the company’s stock.

Institutional Trading of Voya Financial

Several large investors have recently modified their holdings of VOYA. Hohimer Wealth Management LLC boosted its stake in Voya Financial by 1.7% in the first quarter. Hohimer Wealth Management LLC now owns 8,452 shares of the asset manager’s stock valued at $625,000 after buying an additional 140 shares in the last quarter. Signaturefd LLC boosted its stake in Voya Financial by 2.9% in the fourth quarter. Signaturefd LLC now owns 5,156 shares of the asset manager’s stock valued at $376,000 after buying an additional 147 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its stake in Voya Financial by 56.2% in the first quarter. SYSTM Wealth Solutions LLC now owns 414 shares of the asset manager’s stock valued at $31,000 after buying an additional 149 shares in the last quarter. Panagora Asset Management Inc. raised its position in Voya Financial by 1.3% in the fourth quarter. Panagora Asset Management Inc. now owns 13,115 shares of the asset manager’s stock valued at $957,000 after purchasing an additional 169 shares during the last quarter. Finally, FCA Corp TX raised its position in Voya Financial by 0.5% in the fourth quarter. FCA Corp TX now owns 42,440 shares of the asset manager’s stock valued at $3,096,000 after purchasing an additional 195 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.