Voya Financial’s (VOYA) “Outperform” Rating Reiterated at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a report released on Thursday,Benzinga reports. They currently have a $82.00 price objective on the asset manager’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 20.34% from the company’s current price.

VOYA has been the subject of a number of other research reports. Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $83.00 to $93.00 in a report on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a research report on Monday, December 29th. Royal Bank Of Canada boosted their price target on shares of Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. UBS Group set a $90.00 price objective on Voya Financial in a research report on Wednesday, February 4th. Finally, Evercore reduced their price objective on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $85.67.

Voya Financial Trading Down 0.1%

VOYA traded down $0.07 during mid-day trading on Thursday, hitting $68.14. 266,537 shares of the stock were exchanged, compared to its average volume of 1,033,730. The firm’s fifty day moving average is $72.00 and its two-hundred day moving average is $73.24. Voya Financial has a 1-year low of $52.43 and a 1-year high of $79.99. The company has a market cap of $6.32 billion, a PE ratio of 10.82, a PEG ratio of 0.46 and a beta of 0.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.41.

Voya Financial (NYSE:VOYA) last released its earnings results on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.17). The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share. Equities analysts forecast that Voya Financial will post 8.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Voya Financial

Several hedge funds and other institutional investors have recently made changes to their positions in VOYA. Verdad Advisers LP acquired a new stake in Voya Financial during the 4th quarter worth $148,980,000. Boston Partners increased its stake in Voya Financial by 70.4% in the second quarter. Boston Partners now owns 3,373,520 shares of the asset manager’s stock valued at $239,175,000 after purchasing an additional 1,394,321 shares during the period. Norges Bank acquired a new stake in shares of Voya Financial during the second quarter worth about $97,876,000. Balyasny Asset Management L.P. boosted its stake in shares of Voya Financial by 119.6% during the second quarter. Balyasny Asset Management L.P. now owns 2,085,387 shares of the asset manager’s stock worth $148,062,000 after buying an additional 1,135,935 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Voya Financial by 17.7% during the third quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock worth $487,463,000 after buying an additional 977,870 shares during the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.