Several analysts recently shared their views on Voya Financial (NYSE: VOYA). On August 7, Royal Bank of Canada maintained an “outperform” rating with a target price of $83. Bank of America raised its price target from $80 to $83 on July 11. On October 2, Piper Sandler increased its target from $84 to $88, while Jefferies Financial Group adjusted its target from $78 to $80. On October 3, JPMorgan Chase downgraded Voya from “overweight” to “neutral” with a $87 target. Overall, there are six “hold” ratings and seven “buy” ratings. The consensus rating is a “Moderate Buy” with an average target price of $83.91.
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Voya Financial Stock Performance
On Tuesday, Voya Financial stock opened at $78.45. Key metrics include a debt-to-equity ratio of 0.51 and a market capitalization of $7.90 billion. The stock’s 12-month low and high were $63.02 and $80.16, respectively.
Voya Financial reported earnings on July 30, with EPS of $2.27, surpassing estimates. Revenue was $2.03 billion, up 8.7% compared to last year. Analysts project an EPS of 8.4 for the current fiscal year.
Voya Financial Increases Dividend
On September 26, Voya paid a quarterly dividend of $0.45, up from $0.40. The annualized dividend is $1.80 with a yield of 2.29%. The company has a dividend payout ratio of 25.57%.
Hedge Funds Weigh In On Voya Financial
Recent institutional changes include FinTrust Capital Advisors buying in worth $43,000, and Allspring Global Investments increasing its position significantly. Institutional investors now hold 96.10% of Voya’s stock.
About Voya Financial
Voya Financial provides workplace benefits and savings products through three segments: Wealth Solutions, Health Solutions, and Investment Management.
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