Voya Financial Inc (NYSE:VOYA) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 13,204,000 shares, a drop of 6.6% from the July 31st total of 14,132,900 shares. Currently, 9.5% of the shares of the stock are sold short. Based on an average daily volume of 1,290,000 shares, the short-interest ratio is presently 10.2 days.
Voya Financial stock traded up $0.91 during trading on Friday, reaching $54.76. 1,335,088 shares of the company were exchanged, compared to its average volume of 1,382,499. Voya Financial has a 52-week low of $36.66 and a 52-week high of $57.57. The company has a market capitalization of $7.45 billion, a P/E ratio of 13.55, a PEG ratio of 0.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.17 and a quick ratio of 0.17. The stock’s 50 day simple moving average is $51.42 and its two-hundred day simple moving average is $52.73.
Voya Financial (NYSE:VOYA) last announced its quarterly earnings data on Tuesday, August 6th. The asset manager reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.05. Voya Financial had a return on equity of 8.47% and a net margin of 6.16%. The firm had revenue of $278.00 million for the quarter, compared to the consensus estimate of $314.19 million. During the same quarter last year, the business posted $1.13 earnings per share. As a group, equities analysts forecast that Voya Financial will post 5.49 earnings per share for the current year.
In other news, Director Byron H. Pollitt, Jr. bought 1,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $49.30 per share, for a total transaction of $49,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.69% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of VOYA. Neuburgh Advisers LLC grew its stake in Voya Financial by 102.3% during the 1st quarter. Neuburgh Advisers LLC now owns 158,672 shares of the asset manager’s stock worth $7,927,000 after purchasing an additional 80,224 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Voya Financial by 15.3% in the 1st quarter. Synovus Financial Corp now owns 26,245 shares of the asset manager’s stock valued at $1,307,000 after purchasing an additional 3,477 shares during the last quarter. TD Asset Management Inc. purchased a new stake in shares of Voya Financial in the 2nd quarter valued at about $255,000. State of Wisconsin Investment Board lifted its holdings in shares of Voya Financial by 88.2% in the 1st quarter. State of Wisconsin Investment Board now owns 291,290 shares of the asset manager’s stock valued at $14,553,000 after purchasing an additional 136,525 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Voya Financial in the 2nd quarter valued at about $365,000.
Several equities analysts have recently weighed in on VOYA shares. Morgan Stanley decreased their target price on Voya Financial from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 20th. Royal Bank of Canada set a $60.00 target price on Voya Financial and gave the company a “buy” rating in a research report on Wednesday, August 7th. Citigroup decreased their target price on Voya Financial from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday. Goldman Sachs Group upgraded Voya Financial from a “buy” rating to a “conviction-buy” rating in a research report on Thursday. Finally, ValuEngine downgraded Voya Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.50.
About Voya Financial
Voya Financial, Inc operates as a retirement, investment, and employee benefits company in the United States. It operates through four segments: Retirement, Investment Management, Employee Benefits, and Individual Life. The Retirement segment offers tax-deferred employer-sponsored retirement savings plans and administrative services; and individual retirement accounts, and other retail financial products and financial services, as well as financial planning and advisory services.
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