Voya Financial, Inc. (NYSE:VOYA - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $83.38 and last traded at $83.14, with a volume of 9735 shares. The stock had previously closed at $82.66.
A number of analysts have weighed in on VOYA shares. JPMorgan Chase & Co. cut Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target for the company. in a research report on Thursday, October 3rd. Morgan Stanley dropped their price objective on Voya Financial from $76.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Bank of America lifted their price objective on Voya Financial from $84.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Royal Bank of Canada lifted their price objective on Voya Financial from $83.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th. Finally, Citigroup lifted their price objective on Voya Financial from $86.00 to $91.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.27.
Check Out Our Latest Report on Voya Financial
The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $8.41 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 0.57 and a beta of 1.03. The firm has a 50 day moving average of $73.58 and a 200-day moving average of $72.37.
Voya Financial (NYSE:VOYA - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The asset manager reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.13. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the company posted $2.31 EPS. The company's revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Voya Financial, Inc. will post 8.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, August 27th were paid a $0.45 dividend. This is a positive change from Voya Financial's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, August 27th. Voya Financial's dividend payout ratio is currently 25.57%.
Large investors have recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock worth $35,000 after acquiring an additional 239 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Voya Financial in the 1st quarter worth approximately $43,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Voya Financial by 6,850.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager's stock worth $62,000 after acquiring an additional 822 shares in the last quarter. Quarry LP acquired a new position in shares of Voya Financial in the 2nd quarter worth approximately $61,000. Finally, Mather Group LLC. acquired a new position in shares of Voya Financial in the 1st quarter worth approximately $85,000. 96.10% of the stock is currently owned by institutional investors.
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.
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