Equities research analysts predict that Voya Financial, Inc. (NYSE:VOYA) will post earnings of $1.54 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Voya Financial’s earnings, with the lowest EPS estimate coming in at $1.41 and the highest estimate coming in at $1.76. Voya Financial posted earnings per share of $1.19 in the same quarter last year, which would suggest a positive year over year growth rate of 29.4%. The company is scheduled to announce its next earnings results on Wednesday, November 3rd.
On average, analysts expect that Voya Financial will report full year earnings of $7.09 per share for the current financial year, with EPS estimates ranging from $6.93 to $7.31. For the next year, analysts expect that the company will post earnings of $6.76 per share, with EPS estimates ranging from $6.70 to $6.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Voya Financial.
VOYA has been the subject of a number of research analyst reports. Credit Suisse Group lifted their price objective on shares of Voya Financial from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, August 19th. Citigroup lowered shares of Voya Financial from a “buy” rating to a “neutral” rating in a report on Thursday, June 17th. Finally, lowered shares of Voya Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $73.00 to $72.00 in a report on Thursday, June 17th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $72.33.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Thursday, August 26th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, August 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.09%. Voya Financial’s dividend payout ratio (DPR) is presently 13.72%.
In related news, insider Nancy Ferrara sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $65.60, for a total transaction of $196,800.00. Following the completion of the transaction, the insider now owns 13,816 shares in the company, valued at approximately $906,329.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.47% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Voya Financial by 21.7% during the 2nd quarter. Bank of America Corp DE now owns 837,860 shares of the asset manager’s stock worth $51,529,000 after purchasing an additional 149,434 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG grew its position in Voya Financial by 5.0% during the 2nd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 3,896 shares of the asset manager’s stock worth $240,000 after purchasing an additional 186 shares during the last quarter. Marshall Wace LLP purchased a new stake in Voya Financial during the 2nd quarter worth approximately $330,000. Mariner LLC purchased a new stake in Voya Financial during the 2nd quarter worth approximately $712,000. Finally, Morgan Stanley grew its position in Voya Financial by 21.4% during the 2nd quarter. Morgan Stanley now owns 1,063,891 shares of the asset manager’s stock worth $65,430,000 after purchasing an additional 187,441 shares during the last quarter.
About Voya Financial
Voya Financial, Inc is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, and Employee Benefits. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services.
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