Credit Suisse Group reiterated their outperform rating on shares of Voya Financial (NYSE:VOYA) in a research report released on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has a $77.00 target price on the asset manager’s stock, up from their prior target price of $72.00.
Several other equities analysts also recently commented on VOYA. Citigroup lowered their price objective on shares of Voya Financial from $65.00 to $62.00 and set a buy rating for the company in a research note on Friday, September 13th. TheStreet raised shares of Voya Financial from a c+ rating to a b rating in a research note on Friday, November 29th. Morgan Stanley increased their price target on shares of Voya Financial from $65.00 to $67.00 and gave the stock an overweight rating in a research note on Thursday, December 19th. SunTrust Banks increased their price target on shares of Voya Financial to $58.00 and gave the stock a hold rating in a research note on Friday, November 8th. Finally, ValuEngine raised shares of Voya Financial from a strong sell rating to a sell rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Voya Financial has an average rating of Hold and a consensus price target of $65.17.
Shares of NYSE:VOYA opened at $61.74 on Tuesday. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.51 and a beta of 1.52. The company has a 50-day moving average price of $59.27 and a 200-day moving average price of $55.28. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.44. Voya Financial has a 12 month low of $41.65 and a 12 month high of $63.37.
The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were paid a $0.15 dividend. The ex-dividend date was Wednesday, November 27th. Voya Financial’s payout ratio is currently 14.85%.
In related news, CEO Rodney O. Martin, Jr. sold 129,684 shares of the 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 transaction, the chief executive officer now directly owns 159,373 shares of the company’s stock, valued at $9,221,321.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.69% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. increased its stake in shares of Voya Financial by 30.1% during the third quarter. Tocqueville Asset Management L.P. now owns 44,280 shares of the asset manager’s stock valued at $2,411,000 after purchasing an additional 10,257 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Voya Financial by 7.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 205,687 shares of the asset manager’s stock valued at $11,197,000 after purchasing an additional 14,805 shares in the last quarter. Qtron Investments LLC increased its stake in shares of Voya Financial by 79.1% during the second quarter. Qtron Investments LLC now owns 12,339 shares of the asset manager’s stock valued at $682,000 after purchasing an additional 5,450 shares in the last quarter. BB&T Securities LLC bought a new position in shares of Voya Financial during the second quarter valued at approximately $212,000. Finally, Penserra Capital Management LLC bought a new position in shares of Voya Financial during the third quarter valued at approximately $592,000.
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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