Barclays Issues Pessimistic Forecast for Voya Financial (NYSE:VOYA) Stock Price

Voya Financial (NYSE:VOYA) had its target price lowered by investment analysts at Barclays from $75.00 to $66.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Barclays‘s price target would indicate a potential upside of 16.82% from the company’s current price.

VOYA has been the subject of several other research reports. Bank of America reissued an “underperform” rating and issued a $71.00 price target (down previously from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. UBS Group dropped their target price on shares of Voya Financial from $94.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on Voya Financial from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Piper Sandler lowered their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods dropped their price objective on Voya Financial from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $80.92.

Voya Financial Price Performance

Shares of VOYA traded up $0.51 during trading hours on Friday, reaching $56.50. The stock had a trading volume of 610,881 shares, compared to its average volume of 855,874. The stock has a market capitalization of $5.40 billion, a PE ratio of 9.23, a PEG ratio of 0.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The company’s 50-day moving average is $68.25 and its two-hundred day moving average is $73.24. Voya Financial has a 12 month low of $52.43 and a 12 month high of $84.30.

Voya Financial (NYSE:VOYA) last posted 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 return on equity of 14.10% and a net margin of 8.29%. Research analysts expect that Voya Financial will post 8.39 EPS for the current year.

Institutional Trading of Voya Financial

A number of hedge funds have recently bought and sold shares of VOYA. Bank of New York Mellon Corp lifted its holdings in shares of Voya Financial by 15.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager’s stock worth $445,487,000 after acquiring an additional 876,399 shares during the last quarter. FMR LLC boosted its position in Voya Financial by 10.5% during the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager’s stock valued at $219,274,000 after buying an additional 301,682 shares during the period. Impax Asset Management Group plc grew its stake in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager’s stock valued at $199,062,000 after buying an additional 2,131,578 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Voya Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager’s stock valued at $116,058,000 after buying an additional 23,818 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Voya Financial by 52.9% in the fourth quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager’s stock worth $98,950,000 after buying an additional 497,348 shares during the period. Institutional investors 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.