Keefe, Bruyette & Woods Has Lowered Expectations for Voya Financial (NYSE:VOYA) Stock Price

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

Other equities analysts have also issued reports about the company. Bank of America restated a “neutral” rating and set a $83.00 price target (down from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a research note on Friday, September 13th. Royal Bank of Canada lowered their target price on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Evercore ISI dropped their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price objective on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Five research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.73.

Voya Financial Price Performance

NYSE VOYA opened at $66.39 on Friday. Voya Financial has a twelve month low of $63.11 and a twelve month high of $84.30. The stock has a market capitalization of $6.39 billion, a PE ratio of 10.57, a P/E/G ratio of 0.54 and a beta of 1.05. The stock has a 50-day simple moving average of $75.31 and a 200 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 announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $2.07 earnings per share. Voya Financial’s revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that Voya Financial will post 8.09 EPS for the current year.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VOYA. US Bancorp DE increased its stake in Voya Financial by 5.8% in the third quarter. US Bancorp DE now owns 3,655 shares of the asset manager’s stock valued at $290,000 after acquiring an additional 202 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in Voya Financial by 6.8% during the third quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager’s stock worth $261,000 after acquiring an additional 210 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Voya Financial by 118.9% in the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after acquiring an additional 239 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Voya Financial by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager’s stock valued at $905,000 after purchasing an additional 245 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in shares of Voya Financial by 8.1% during the third quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager’s stock worth $285,000 after buying an additional 270 shares during the last quarter. Institutional investors and hedge funds 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.