Keefe, Bruyette & Woods Lowers Voya Financial (NYSE:VOYA) Price Target to $90.00

Voya Financial (NYSE:VOYA) had its price target dropped by investment analysts at Keefe, Bruyette & Woods from $92.00 to $90.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 35.56% from the stock’s previous close.

A number of other research analysts have also recently commented on VOYA. Royal Bank of Canada dropped their price target on Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Barclays dropped their price objective on shares of Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Piper Sandler reduced their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. UBS Group upgraded shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Bank of America reissued a “neutral” rating and issued a $83.00 price target (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.73.

Voya Financial Trading Down 2.9 %

Shares of VOYA stock opened at $66.39 on Friday. The company has a market cap of $6.39 billion, a P/E ratio of 10.57, a PEG ratio of 0.54 and a beta of 1.05. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The stock has a 50 day simple moving average of $75.31 and a two-hundred day simple moving average of $74.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial (NYSE:VOYA) last posted its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 EPS. Research analysts forecast that Voya Financial will post 8.09 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Voya Financial

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in shares of Voya Financial during the third quarter valued at $29,000. UMB Bank n.a. increased 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 purchasing an additional 239 shares in the last quarter. Quarry LP bought a new stake in Voya Financial during the 2nd quarter valued at about $61,000. Blue Trust Inc. raised its holdings in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Voya Financial in the third quarter worth approximately $79,000. 96.10% of the stock is owned by 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.