Recently, several analysts have provided updates on Voya Financial (NYSE:VOYA). The Royal Bank of Canada maintains an “outperform” rating with a target price of $83. Bank of America increased their target to $83, also rating it as a “buy.” Piper Sandler raised their target from $84 to $88 and gave it an “overweight” rating. Jefferies increased their target from $78 to $80, indicating a “hold” rating. Conversely, JPMorgan downgraded it from “overweight” to “neutral” with a target of $87. Currently, six analysts recommend holding the stock, while seven suggest buying it, resulting in a consensus rating of “Moderate Buy” and a target price of $83.91, according to MarketBeat.
Get Our Latest Stock Report on Voya Financial
Voya Financial Stock Performance
On Tuesday, Voya Financial stock opened at $78.45. Key metrics include a debt-to-equity ratio of 0.51, a current ratio of 0.30, and a market cap of $7.90 billion. The stock has traded between a low of $63.02 and a high of $80.16 in the past year. They reported earnings of $2.27 per share, beating estimates, with revenue of $2.03 billion, up 8.7% year-on-year.
Voya Financial Increases Dividend
Voya recently raised its quarterly dividend to $0.45, paid on September 26. This annualizes to $1.80, yielding 2.29%, up from the previous $0.40. The dividend payout ratio is 25.57%.
Hedge Funds Weigh In On Voya Financial
Institutional investors hold 96.10% of Voya’s stock. Recent transactions include FinTrust Capital Advisors purchasing shares worth $43,000 and Allspring Global’s holdings growing by 6,850% to 834 shares valued at $62,000.
About Voya Financial
Voya Financial provides workplace benefits and savings products across three segments: Wealth Solutions, Health Solutions, and Investment Management, focusing on retirement products and services.
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