On Thursday, a statement was disseminated to investors informing them that coverage of Voya Financial would be forthcoming from investment professionals working for StockNews.com (NYSE: VOYA).
The enterprise advised its shareholders to maintain their “hold” position in the asset manager stock.
On February 7, shareholders of Voya Financial (NYSE: VOYA) were given access to the company’s most recent quarterly earnings report.
The earnings per share that the asset management company reported for the quarter came in at $2.18, $0.65 higher than the consensus forecast of $1.53 per share.
The corporation reported quarterly revenue of $880.00 million for the period in question, which is significantly higher than the prediction made by the consensus, which was $259.86 million.
In their business, Voya Financial achieved a return on equity of 13.09% while maintaining a net margin of 9.37%. Compared to the current year, the company had earnings of $1.90 per share during the same period the year before.
According to the projections of research analysts, Voya Financial will bring in 8.13 dollars in profits per share for the current fiscal year.
The first day of trading for VOYA was Thursday, and the stock opened for $64.98.
The current share price of the company’s stock is $70.98 higher than its 50-day moving average and $66.04 higher than its 200-day moving average. 0.31 is the value represented by the current ratio, the quick ratio, and the debt-to-equity ratio.
The ratio of debt to equity is currently at 0.57.
The company has a P.E. ratio currently sitting at 14.77, its P/E/G ratio currently sitting at 0.60, and its beta at 1.16.
The market capitalization of the company is currently sitting at $6.32 billion at this time. Voya Financial has seen a 52-week low of $56.20 and a 52-week high of $78.11 throughout the company’s history.
Recent reports on VOYA have been disseminated by several other stock market analysts who are considered to be industry leaders.
In a research note published on February 8, JPMorgan Chase & Co changed their rating for Voya Financial from “underweight” to “equal weight” and increased their price objective from $77.00 to $80.00.
These changes were made in response to the company’s recent performance.
In a research report published on November 16, Citigroup announced that they would be lowering their target price for Voya Financial from $83.00 to $82.00.
The target price for Voya Financial was increased from $88.00 to $89.00 in a research report made public by Wells Fargo & Company on Monday, February 13.
Additionally, the firm assigned an “overweight” rating to the company’s stock.
Piper Sandler raised their target price on Voya Financial, moving it up from $78.00 to $80.00, in a research report published on February 9. Voya Financial was previously assigned a “hold” rating by Truist Financial; however, in a research report released on Thursday, February 9, the firm changed that rating to a “buy” rating and increased its price target for the company from $70.00 to $80.00.
The final and most significant adjustment was made here.
Three research analysts have recommended holding the stock; nine research analysts have given it a buy rating; and one research analyst has given it a strong buy rating.
The stock is currently being recommended to investors by all analysts polled by Bloomberg.com as a “Moderate Buy,” Their average price objective for the stock is $83.17 per share.
In related news, on March 6, corporate director Rodney O.
Martin Jr. sold 39,724 shares of the company’s stock.
This is just one of the latest developments in this ongoing story.
At an average price of $75.24 per share, a total of $2,988,833.76 worth of the stock was traded, accumulating cash. Following the conclusion of the transaction, the director is now the direct owner of 149,671 shares of the company.
Each of these shares is worth approximately 11,261,246.04 dollars at the current market price. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
In related news, on March 6, corporate director Rodney O.
Martin Jr. sold 39,724 shares of the company’s stock.
This is just one of the latest developments in this ongoing story.
At an average price of $75.24 per share, a total of $2,988,833.76 worth of the stock was traded, accumulating cash. Following the conclusion of the transaction, the director is now the direct owner of 149,671 shares of the company.
Each of these shares is worth approximately 11,261,246.04 dollars at the current market price. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. On February 22, Santhosh Keshavan, an insider of the company, sold 3,564 shares of the company’s stock.
The transaction took place on Wednesday. With an average price per share of $74.06, the total amount is $263,949.
The stock was traded for $84 and generated cash.
The business insider now directly owns 18,312 shares of the company’s stock, which together have a value of approximately $1,356,186.72 as a direct consequence of the transaction.
Disclosures related to the sale might be found in this website section.
Insiders of the company have sold a total of 223,650 shares and generated a revenue of $16,595,760 by doing so over the past three months. 1.44 percent of the company’s shares are owned privately by business insiders.
In the most recent few months, several well-known shareholders have revised the percentages of ownership in the company they currently hold.
The amount of money that Victory Capital Management INC had invested in Voya Financial grew by 13.2% during the fourth quarter.
After purchasing in the most recent period equaling 29,324 additional shares, Victory Capital Management INC now has 251,244 shares of the asset manager’s stock, giving it a total market value of $15,449,000.
This was possible because the company had 251,244 shares of the asset manager’s stock.
During the last three months of 2018, Rockefeller Capital Management L.P.
Increased 11.5% in the proportion of Voya Financial stock it owned. Rockefeller Capital Management L.P. now has 5,703 shares of the asset manager’s stock, following the purchase of an additional 589 shares during the most recent quarter.
The shares have a combined value of $350,000 thanks to Rockefeller Capital Management L.P.’s investment.
A new investment of $8,941,000 was made in Voya Financial by Natixis during the final three months of 2018.
Point 72 Middle East FZE made a new investment of $970,000 in Voya Financial during the final three months of 2018, bringing the total amount of its investments in 2018 to a total of $970,000.
And finally, during the final quarter of this year, the state of Wyoming increased its holdings in Voya Financial by a factor of 99.2 percent. Following purchasing an additional 1,786 shares during the preceding month, the State of Wyoming now owns 3,586 shares of the asset manager’s stock.
Each share of this stock is currently valued at $221,000, making the state’s overall investment in this company $221,000.