Voya Financial, Inc. (NYSE:VOYA):
Voya Financial Announces Partial Redemption of 2.900% Senior Notes.
The company is so far trading up by 0.38 percent from yesterday’s close.
Voya Financial, Inc. announced a dividend for shareholders that was paid on Thursday the 29th of June 2017. The dividend was $0.010 per share for the quarter or $0.04 on an annualized basis. This dividend amount represented a yeild of $0.11. The ex-dividend date was set for Friday the 26th of May 2017.
Voya Financial, Inc., launched on April 7, 1999, is a retirement, investment and insurance company. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and sales specialists throughout the United States. The Company operates through five segments: Retirement, Investment Management, Annuities, Individual Life and Employee Benefits. The Retirement segment is a provider of retirement services and products in the United States. The Investment Management segment offers domestic and international fixed income, equity, multi-asset and alternatives products and solutions across market sectors, investment styles and capitalization spectrums through its managed, full-service investment management business..
It is currently trading at $37.19 a tad higher than the 50 day moving average which is $35.87 and slightly below the 200 day moving average of $38.49. The 50 day moving average went up by +3.30% whereas the 200 day moving average was down $-1.44 or -3.75%.
In the latest earnings report the EPS was $-3.88 and is expected to be $3.54 for the current year with 185,939,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.90 and the next full year EPS is anticipated to be $4.46.
Several Wall Street investment firms have weighed in on VOYA. On November 9 the stock rating was downgraded from “” to “Outperform” by RBC Capital. Wells Fargo starting coverage on the stock with a rating of “Market Perform”.
On July 15 the company was downgraded from “Buy” to “Buy” and a price target of $37.00 was set in an announcement from Goldman Sachs. On July 14 Deutsche Bank made no change to the stock rating of “Buy” but raised the price target to $37.00 from $29.00.
On July 7 Citigroup left the company rating at “Neutral” and moved down the price target from $49.00 to $29.00. On February 24 the company was set at “Buy” in a report from Goldman Sachs down from the previous “Conviction Buy” rating.