Voya Financial (NYSE:VOYA) Given New $84.00 Price Target at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) had its target price decreased by research analysts at Keefe, Bruyette & Woods from $86.00 to $84.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 18.57% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Evercore ISI raised their price target on Voya Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Royal Bank Of Canada raised their price objective on Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group increased their price target on Voya Financial from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company lowered their price objective on Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Voya Financial Stock Down 0.3%

Shares of Voya Financial stock traded down $0.21 on Tuesday, reaching $70.84. 265,407 shares of the company were exchanged, compared to its average volume of 880,690. The stock’s 50 day moving average price is $74.62 and its 200-day moving average price is $71.24. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.27 and a quick ratio of 0.27. Voya Financial has a 1-year low of $52.43 and a 1-year high of $84.30. The company has a market cap of $6.83 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 0.50 and a beta of 0.99.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Voya Financial will post 8.39 EPS for the current year.

Institutional Trading of Voya Financial

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Voya Financial by 17.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,516,879 shares of the asset manager’s stock valued at $487,463,000 after purchasing an additional 977,870 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Voya Financial by 23.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,679,580 shares of the asset manager’s stock worth $384,849,000 after acquiring an additional 1,095,190 shares during the last quarter. Wellington Management Group LLP boosted its position in Voya Financial by 5.4% during the first quarter. Wellington Management Group LLP now owns 5,512,176 shares of the asset manager’s stock worth $373,505,000 after acquiring an additional 280,316 shares during the last quarter. Kelly Financial Group LLC grew its stake in Voya Financial by 1.9% in the 3rd quarter. Kelly Financial Group LLC now owns 4,072,102 shares of the asset manager’s stock worth $304,593,000 after acquiring an additional 77,418 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in Voya Financial by 1.7% in the 2nd quarter. Pzena Investment Management LLC now owns 3,661,257 shares of the asset manager’s stock valued at $259,949,000 after acquiring an additional 62,093 shares during the last quarter. Institutional investors and hedge funds 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.