Voya Financial (NYSE:VOYA) Price Target Lowered to $84.00 at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) had its price target lowered by stock analysts at Keefe, Bruyette & Woods from $90.00 to $84.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 18.62% from the company’s previous close.

VOYA has been the topic of several other reports. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. Bank of America reiterated a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Evercore ISI cut their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Barclays decreased their price objective on Voya Financial from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $76.00 target price (down previously from $87.00) on shares of Voya Financial in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Voya Financial presently has an average rating of “Moderate Buy” and a consensus target price of $82.18.

Voya Financial Stock Down 1.9 %

VOYA opened at $70.82 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.49 and a beta of 1.05. Voya Financial has a one year low of $63.11 and a one year high of $84.30. The business’s fifty day moving average is $71.00 and its two-hundred day moving average is $74.08.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. Analysts anticipate that Voya Financial will post 7.11 EPS for the current fiscal year.

Institutional Trading of Voya Financial

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in shares of Voya Financial by 81.0% in the fourth quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after buying an additional 183 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Voya Financial during the third quarter worth approximately $29,000. SRS Capital Advisors Inc. raised its holdings in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. UMB Bank n.a. boosted its stake in Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 239 shares during the last quarter. Finally, R Squared Ltd bought a new position in Voya Financial during the 4th quarter valued at $41,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Company Profile

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.