Voya Financial (NYSE:VOYA) Price Target Lowered to $82.00 at JPMorgan Chase & Co.

Voya Financial (NYSE:VOYA) had its price objective lowered by JPMorgan Chase & Co. from $87.00 to $82.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the asset manager’s stock.

Other research analysts have also issued reports about the company. Evercore ISI reduced their price objective on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Raymond James lowered shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods lowered their price objective on shares of Voya Financial from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 10th. Bank of America reiterated a “neutral” rating and issued a $83.00 price objective (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Piper Sandler decreased their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and an average price target of $84.91.

Voya Financial Price Performance

VOYA stock opened at $68.35 on Tuesday. Voya Financial has a one year low of $63.11 and a one year high of $84.30. The firm has a 50-day moving average of $75.82 and a two-hundred day moving average of $74.39. The firm has a market capitalization of $6.58 billion, a PE ratio of 10.88, a P/E/G ratio of 0.54 and a beta of 1.05. 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 (NYSE:VOYA) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $2.07 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Voya Financial will post 8.09 earnings per share for the current year.

Voya Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.63%. The ex-dividend date was Tuesday, November 26th. Voya Financial’s payout ratio is 28.66%.

Insiders Place Their Bets

In other Voya Financial news, insider Tony D. Oh sold 715 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total transaction of $58,594.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Institutional Trading of Voya Financial

Several large investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Voya Financial during the 3rd quarter worth $29,000. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 239 shares during the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 801 shares during the period. Quarry LP acquired a new stake in Voya Financial in the 2nd quarter valued at approximately $61,000. Finally, Brooklyn Investment Group bought a new position in Voya Financial in the 3rd quarter worth approximately $79,000. 96.10% of the stock is owned by institutional investors.

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.