The Vanguard Group, Inc. recently announced the acquisition of new stake in Voya Financial Inc. (NYSE:VOYA). The institutional investor has increased its shareholding in the Financial company by 0.16% to 13.38 million shares with purchase of 21105.0 shares. This fresh investment now brings its stake to 10.61% valued currently at $624.4 million. In addition, Wellington Management Co. LLP raised its holdings by 1.56 million to 5.21 million shares. And Invesco Advisers, Inc. has lifted its position by 0.34% or 16539.0 shares – to 4.84 million shares.
With over 0.55 million Voya Financial Inc. (VOYA) shares trading Tuesday and a closing price of $48.88 on the day, the dollar volume was approximately $27.1 million. The shares have shown a negative weekly performance of -0.71% and its price on 07/28/20 lost nearly -0.49%. Currently, there are 137.40M common shares owned by the public and among those 125.24M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for VOYA have a consensus price objective of $56.80. The analysts have set the share’s price value over the next 12 months at a high of $66.00 and a low of $45.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Voya Financial Inc. stock is 1.90 for the next 12 months. The average price target is 13.84% above its last price level and an upside to the estimated low will see the stock lose -8.62% over that period. But an upside of 25.94% will see the stock hit the forecast high price target while mean target price for the stock is $56.50.
Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 524,188 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 410,695 shares.
The top 3 mutual fund holders in Voya Financial Inc. are Vanguard Total Stock Market Index, Franklin Mutual Ser. Fds. – Globa, and Franklin Mutual Ser. Fds. – Share. Vanguard Total Stock Market Index owns 3.61 million shares of the company’s stock, all valued at over $168.22 million. The company sold -0.31 million shares recently to bring their total holdings to about 2.86% of the shares outstanding. Franklin Mutual Ser. Fds. – Share now owns shares totaling to 2.33% of the shares outstanding.
Shares of Voya Financial Inc. (NYSE: VOYA) opened at $48.87, down -$0.25 from a prior closing price of $49.12. However, the script later closed the day at $48.88, down -0.49%. The company’s stock has a 5-day price change of -0.71% and 11.39% over the past three months. VOYA shares are trading -19.84% year to date (YTD), with the 12-month market performance down to -14.05% lower. It has a 12-month low price of $29.75 and touched a high of $63.81 over the same period. Currently, 0.55 million shares have been traded, compared to an average intraday trading volume of 1.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.55%, 4.16%, and -4.98% respectively.
Institutional ownership of Voya Financial Inc. (NYSE: VOYA) 137.40M shares outstanding. Mutual fund holders own 63.11%, while other institutional holders and individual stakeholders account for 64.45% and 45.25% respectively.
It has a market capitalization of $6.19B and a beta (3y monthly) value of 1.43. The stock’s trailing 12-month PE ratio is 12.12, while the earnings-per-share (ttm) stands at $4.03. The company has a PEG of 0.50 and the debt-to-equity ratio at 0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.49% over the week and 2.23% over the month.
Analysts forecast that Voya Financial Inc. (VOYA) will achieve an EPS of $0.79 for the current quarter, $1.22 for the next quarter and $6.02 for 2021. The lowest estimate earnings-per-share for the quarter is $0.18 while analysts give the company a high EPS estimate of $1.07. Comparatively, EPS for the current quarter was $1.52 a year ago. Earnings per share for the fiscal year are expected to increase by 131.50%, and 43.06% over the next financial year. EPS should grow at an annualized rate of 24.48% over the next five years, compared to -11.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Voya Financial Inc. (VOYA) as a “Strong Buy” at a consensus score of 1.90. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 2 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VOYA, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on April 07, 2020, with the firm’s price target at $58. Goldman coverage for the Voya Financial Inc. (VOYA) stock in a research note released on January 08, 2019 offered a Buy rating with a price target of. Goldman was of a view on June 20, 2018 that the stock is Neutral, while Barclays gave the stock Equal Weight rating on June 08, 2018, issuing a price target of $55. Credit Suisse on their part issued Outperform rating on April 25, 2018.