Voya Financial Inc (NYSE:VOYA) – Equities researchers at DOWLING & PARTN cut their FY2017 earnings estimates for Voya Financial in a report released on Wednesday, Zacks Investment Research reports. DOWLING & PARTN analyst H. Lee now expects that the asset manager will earn $2.78 per share for the year, down from their previous forecast of $3.05. DOWLING & PARTN also issued estimates for Voya Financial’s Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.12 EPS and FY2018 earnings at $4.30 EPS.
A number of other research firms have also recently commented on VOYA. ValuEngine raised shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $55.00 price target on shares of Voya Financial in a research note on Friday, December 22nd. Wells Fargo & Co reaffirmed a “buy” rating and set a $58.00 price target on shares of Voya Financial in a research note on Friday, December 22nd. Evercore ISI raised shares of Voya Financial to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, December 27th. Finally, Deutsche Bank assumed coverage on shares of Voya Financial in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $59.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.18.
Voya Financial (NYSE:VOYA) traded up $0.16 during mid-day trading on Friday, hitting $46.91. 3,234,675 shares of the company were exchanged, compared to its average volume of 2,228,418. Voya Financial has a 52-week low of $33.53 and a 52-week high of $54.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $8,431.93, a PE ratio of -26.21, a PEG ratio of 0.59 and a beta of 1.61.
A number of institutional investors have recently added to or reduced their stakes in VOYA. UBS Asset Management Americas Inc. boosted its position in Voya Financial by 33.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,362,721 shares of the asset manager’s stock valued at $124,051,000 after buying an additional 837,925 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of Voya Financial by 172.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 743,176 shares of the asset manager’s stock valued at $27,416,000 after purchasing an additional 470,809 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Voya Financial by 956.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 369,607 shares of the asset manager’s stock valued at $14,744,000 after purchasing an additional 334,624 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Voya Financial by 56.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 910,216 shares of the asset manager’s stock valued at $45,030,000 after purchasing an additional 327,578 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Voya Financial by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,435,846 shares of the asset manager’s stock valued at $256,727,000 after purchasing an additional 323,678 shares in the last quarter. 96.88% of the stock is owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, February 28th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.04 annualized dividend and a yield of 0.09%. Voya Financial’s dividend payout ratio (DPR) is -2.23%.
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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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