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

Voya Financial (NYSE:VOYA) had its price objective reduced by equities researchers at Keefe, Bruyette & Woods from $90.00 to $84.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 19.01% from the stock’s current price.

A number of other research firms have also weighed in on VOYA. Wells Fargo & Company reiterated an “equal weight” rating and issued a $76.00 price target (down previously from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Royal Bank of Canada decreased their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday. UBS Group upgraded Voya Financial to a “strong-buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Bank of America reissued a “neutral” rating and issued a $83.00 price objective (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.18.

Voya Financial Price Performance

NYSE:VOYA traded up $2.16 during mid-day trading on Wednesday, reaching $70.59. 950,130 shares of the stock were exchanged, compared to its average volume of 751,859. The business has a fifty day moving average price of $71.46 and a 200 day moving average price of $74.11. The firm has a market capitalization of $6.79 billion, a PE ratio of 11.24, a PEG ratio of 0.49 and a beta of 1.05. Voya Financial has a 1-year low of $63.11 and a 1-year high of $84.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Research analysts expect that Voya Financial will post 7.11 earnings per share for the current fiscal year.

Institutional Trading of Voya Financial

Institutional investors have recently modified their holdings of the company. Hennessy Advisors Inc. acquired a new stake in shares of Voya Financial during the 4th quarter worth approximately $47,155,000. KBC Group NV grew its holdings in shares of Voya Financial by 260.5% during the 4th quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock worth $646,000 after purchasing an additional 6,781 shares in the last quarter. Barclays PLC grew its holdings in shares of Voya Financial by 48.2% during the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock worth $3,872,000 after purchasing an additional 15,902 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Voya Financial during the 4th quarter worth approximately $1,379,000. Finally, Retirement Systems of Alabama grew its holdings in shares of Voya Financial by 8.2% during the 3rd quarter. Retirement Systems of Alabama now owns 272,339 shares of the asset manager’s stock worth $21,575,000 after purchasing an additional 20,750 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

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.