Voya Financial (NYSE:VOYA) Given New $90.00 Price Target at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) had its price target reduced by Keefe, Bruyette & Woods from $92.00 to $90.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other research firms have also issued reports on VOYA. Evercore ISI dropped their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their price target on shares of Voya Financial from $92.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Royal Bank of Canada lowered their price objective on shares of Voya Financial from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered their target price on Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.73.

Voya Financial Stock Down 2.9 %

Shares of NYSE:VOYA opened at $66.39 on Friday. The firm has a market cap of $6.39 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 0.54 and a beta of 1.05. The company has a fifty day simple moving average of $75.58 and a 200 day simple moving average of $74.34. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial has a 12-month low of $63.11 and a 12-month high of $84.30.

Voya Financial (NYSE:VOYA) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.07 EPS. On average, equities research analysts anticipate that Voya Financial will post 8.09 EPS for the current fiscal year.

Voya Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Tuesday, November 26th. Voya Financial’s dividend payout ratio is presently 28.66%.

Insider Transactions at Voya Financial

In other news, insider Tony D. Oh sold 715 shares of Voya Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Voya Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of Voya Financial in the third quarter worth $29,000. UMB Bank n.a. boosted its position in Voya Financial by 118.9% during the 3rd 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 period. Blue Trust Inc. grew its stake in Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock valued at $65,000 after acquiring an additional 801 shares in the last quarter. Quarry LP acquired a new position in shares of Voya Financial in the 2nd quarter valued at about $61,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Voya Financial in the third quarter worth approximately $79,000. 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.