Voya Financial (NYSE:VOYA) Shares Down 4.5% – What’s Next?

Voya Financial, Inc. (NYSE:VOYA) shares traded down 4.5% during mid-day trading on Tuesday . The company traded as low as $75.30 and last traded at $75.48. 936,839 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 813,084 shares. The stock had previously closed at $79.00.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Wells Fargo & Company increased their price objective on Voya Financial from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Morgan Stanley lowered their price objective on Voya Financial from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Citigroup upped their price objective on shares of Voya Financial from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Barclays lifted their price target on shares of Voya Financial from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and an average target price of $85.27.

Voya Financial Stock Performance

The firm has a market capitalization of $7.37 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 0.30. The company’s fifty day moving average price is $77.30 and its two-hundred day moving average price is $73.42.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a return on equity of 16.11% and a net margin of 10.87%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.07 EPS. As a group, equities analysts expect that Voya Financial, Inc. will post 8.28 earnings per share for the current year.

Voya Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is currently 23.72%.

Institutional Trading of Voya Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Voya Financial by 6,850.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 834 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 822 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Voya Financial by 21.0% during the first quarter. BNP Paribas Financial Markets now owns 8,659 shares of the asset manager’s stock worth $640,000 after acquiring an additional 1,504 shares during the period. Janney Montgomery Scott LLC boosted its stake in Voya Financial by 1.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 49,041 shares of the asset manager’s stock valued at $3,625,000 after purchasing an additional 776 shares during the period. Fidelis Capital Partners LLC bought a new position in Voya Financial during the first quarter worth about $141,000. Finally, Duality Advisers LP acquired a new stake in Voya Financial during the first quarter worth approximately $344,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

About Voya Financial

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.