Voya Financial, Inc. (NYSE:VOYA) Short Term Interest Rate Update

Financial Advisors


Voya Financial, Inc. (NYSE:VOYA – rated) was targeted by a sharp drop in short-term interest rates during April. Short sales totaled 16.23 million shares as of April 30, down 18.4% from the total short sales of 19.89 million shares on April 15. About 16.7% of the company’s shares have been sold short. Based on an average trading volume of 2,080,000 shares, the short ratio is currently 7.8 days.

Boya Financial shares drop 0.2%

Voya Financial shares opened Friday at $69.82. The company has a debt to equity ratio of 0.62, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $6.86 billion, a P/E ratio of 14.58 times, a price/earnings multiple of 0.71 times, and a beta of 1.15 times. Boya Financial hit a 52-week low of $56.20 and a 52-week high of $78.11. Its 50-day simple moving average is $71.56 and its 200-day simple moving average is $68.60.

Voya Financial (NYSE:VOYA – Get Rating) last reported earnings on Tuesday, May 2nd. The asset manager reported earnings per share (EPS) of $1.69 for the quarter, short of consensus expectations of $1.72 ($0.03). The company had revenue of $1.84 billion for the quarter, compared with analysts’ expectations of $288.1 million. Voya Financial’s return on equity was 14.77% and net profit margin was 9.58%. The company’s earnings per share in the same period last year were $1.47. On average, analysts expect Voya Financial’s EPS to grow 8.11 times this fiscal year.

Voya announces financial dividend

The company also recently announced a quarterly dividend payable on Wednesday, June 28. Shareholders of record on Friday, May 26 will be paid his $0.20 dividend. The ex-dividend date is Thursday, May 25. This equates to his $0.80 dividend and his 1.15% dividend yield on an annualized basis. Voya Financial’s dividend payout ratio is currently 16.70%.

Wall Street analysts forecast growth

VOYA has been the subject of several research analyst reports. Trust Financial lowered its price target on Boya Financial shares from $80.00 to $75.00 in a research report on Thursday, May 4. JPMorgan Chase raised its price target on Boya Financial from $77.00 to $80.00 in a research report on Wednesday, Feb. 8, giving the stock an Overweight rating. Wells Fargo & Company lowered its price target on Boya Financial from $89.00 to $86.00 in a research report on Wednesday, April 5, setting the company’s rating to “overweight.” On Thursday, May 4, StockNews.com upgraded Voya Financial shares from a ‘sell’ rating to a ‘hold’ rating in a research report. Finally, Royal Bank of Canada raised its price target on Boya Financial shares from $79.00 to $87.00, giving the company an “outperform” rating in its research report on Monday, February 13. Three equity research analysts issued a hold rating, nine buy ratings, and one strong buy rating on the company’s shares. Data from MarketBeat.com shows that the stock currently has an average rating of “Medium Buy” with a consensus price target of $82.50.

insider bet

In other news from Voya Financial, director Rodney O. Martin Jr. sold 70,774 shares in the company in a trade on Wednesday, February 22nd. The shares were sold at an average price of $73.59 for a total of $5,208,258.66. After the sale, the directors now own 228,208 shares of the company stock, valued at approximately $16,793,826.72. The sale is disclosed in his SEC legal filings, available at this hyperlink. In other news from Voya Financial, director Rodney O. Martin Jr. sold 70,774 shares in the company in a trade on Wednesday, Feb. 22. The shares were sold at an average price of $73.59 for a total of $5,208,258.66. After the sale, the directors now own 228,208 shares of the company stock, valued at approximately $16,793,826.72. The sale is disclosed in his SEC legal filings, available at this hyperlink. Also, director Rodney O. Martin Jr. sold 39,724 shares of the company in a transaction on Monday, March 6. The shares were sold at an average price of $75.24 for a total transaction value of $2,988,833.76. Following the closing of the sale, the directors will own directly 149,671 shares of the company, valued at approximately $11,261,246.04. Disclosure information regarding this sale can be found here. Insiders sold a total of 114,062 shares worth $8,461,042 in the last quarter. Insiders own 1.44% of the company’s shares.

Voya Financial Institutional Trading

Many large investors have recently changed their positions on VOYA. Atlas Capital Advisors LLC increased its position in Voya Financial by 48.4% in the fourth quarter. Atlas Capital Advisors LLC now owns 417 shares of the asset manager worth $26,000 after purchasing an additional 136 shares during the period. Parkside Financial Bank & Trust increased its stake in Voya Financial by 284.0% during the third quarter. Parkside Financial Bank & Trust now owns 457 shares worth $28,000 in the asset manager after purchasing an additional 338 shares last quarter. EverSource Wealth Advisors LLC increased his position in Voya Financial by 115.5% in the first quarter. EverSource Wealth Advisors LLC acquired an additional 254 shares during the last quarter and now owns 474 shares of the asset manager, valued at $34,000. Brown Brothers Harriman & Co. bought a new position in Boya Financial shares worth about $36,000 in the first quarter. Finally, Guardian Wealth Advisors LLC purchased a new position in his Voya Financial shares in the third quarter worth approximately $36,000.

Voya Financial Company Profile

(get rating)

Voya Financial, Inc is a retirement, investment and insurance company engaged in the provision of financial services. It operates in Retirement, Investment Management and Employee Benefits divisions. The Retirement segment provides tax-deferred, employer-sponsored retirement savings plans and managed services.

References

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