Voya Financial (NYSE:VOYA) Stock Rating Lowered by Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Thursday, Marketbeat.com reports. They currently have a $108.00 price target on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 13.90% from the company’s current price.

Several other research analysts also recently weighed in on VOYA. Morgan Stanley boosted their target price on shares of Voya Financial from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, August 24th. UBS Group raised their price target on shares of Voya Financial from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Atlantic Securities set a $79.00 price target on shares of Voya Financial in a report on Wednesday, July 15th. Jefferies Financial Group lifted their price target on shares of Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Finally, Barclays upped their target price on Voya Financial from $105.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.15.

Voya Financial Stock Performance

NYSE VOYA opened at $94.82 on Thursday. Voya Financial has a fifty-two week low of $64.50 and a fifty-two week high of $105.64. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.92 and a beta of 0.90. The business has a fifty day moving average of $99.80 and a 200-day moving average of $89.92. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.47). The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 earnings per share. As a group, analysts predict that Voya Financial will post 9.19 earnings per share for the current fiscal year.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Voya Financial during the second quarter valued at approximately $850,187,000. Bank of New York Mellon Corp acquired a new position in Voya Financial during the 2nd quarter worth $520,280,000. Pzena Investment Management LLC acquired a new position in Voya Financial during the 2nd quarter worth $319,539,000. Dimensional Fund Advisors LP increased its position in shares of Voya Financial by 10.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,699,676 shares of the asset manager’s stock worth $184,436,000 after purchasing an additional 248,935 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Voya Financial in the 2nd quarter worth about $38,757,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

About Voya Financial

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.