Barclays Lowers Voya Financial (NYSE:VOYA) Price Target to $75.00

Voya Financial (NYSE:VOYA) had its target price reduced by equities research analysts at Barclays from $79.00 to $75.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price would indicate a potential upside of 5.91% from the company’s current price.

A number of other research firms also recently weighed in on VOYA. Royal Bank of Canada reduced their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday. Keefe, Bruyette & Woods cut their price objective on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. cut their price objective on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $76.00 price objective (down from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Finally, Evercore ISI cut their price objective on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus price target of $82.18.

Voya Financial Stock Down 1.9 %

Voya Financial stock opened at $70.82 on Wednesday. Voya Financial has a twelve month low of $63.11 and a twelve month high of $84.30. The firm has a 50 day moving average price of $71.00 and a 200-day moving average price of $74.08. The company has a market capitalization of $6.81 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.49 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA) last released its 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%. As a group, equities analysts predict that Voya Financial will post 7.11 EPS for the current year.

Hedge Funds Weigh In On Voya Financial

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in Voya Financial in the 3rd quarter worth $29,000. Jones Financial Companies Lllp raised its position in Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock worth $28,000 after purchasing an additional 183 shares during the period. UMB Bank n.a. raised its position in Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after purchasing an additional 239 shares during the period. SRS Capital Advisors Inc. raised its position in Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock worth $33,000 after purchasing an additional 327 shares during the period. Finally, R Squared Ltd purchased a new position in Voya Financial in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.

About Voya Financial

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.