Keefe, Bruyette & Woods Issues Pessimistic Forecast for Voya Financial (NYSE:VOYA) Stock Price

Voya Financial (NYSE:VOYA) had its target price decreased by investment analysts at Keefe, Bruyette & Woods from $86.00 to $84.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 15.72% from the stock’s previous close.

VOYA has been the topic of a number of other research reports. UBS Group raised their target price on Voya Financial from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Barclays increased their price objective on Voya Financial from $81.00 to $83.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Voya Financial in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Voya Financial from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Royal Bank Of Canada lifted their target price on Voya Financial from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Voya Financial currently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

Voya Financial Price Performance

NYSE VOYA opened at $72.59 on Tuesday. Voya Financial has a 1 year low of $52.43 and a 1 year high of $83.59. The company has a fifty day simple moving average of $74.48 and a 200 day simple moving average of $71.33. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.91 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.49 and a beta of 0.99.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.12 EPS. On average, sell-side analysts predict that Voya Financial will post 8.39 EPS for the current year.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Voya Financial in the 3rd quarter worth approximately $26,000. IFP Advisors Inc grew its position in Voya Financial by 225.6% in the second quarter. IFP Advisors Inc now owns 433 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Voya Financial by 149.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 481 shares of the asset manager’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Rothschild Investment LLC raised its stake in Voya Financial by 5,180.0% during the third quarter. Rothschild Investment LLC now owns 528 shares of the asset manager’s stock worth $39,000 after acquiring an additional 518 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Voya Financial by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 551 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 475 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

About Voya Financial

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.