Voya Financial (NYSE:VOYA) Given New $92.00 Price Target at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) had its price target cut by analysts at Keefe, Bruyette & Woods from $95.00 to $92.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 24.97% from the company’s previous close.

A number of other research firms have also commented on VOYA. UBS Group raised shares of Voya Financial to a “strong-buy” rating in a research note on Monday, November 11th. Raymond James downgraded Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Barclays dropped their price objective on Voya Financial from $85.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada raised their target price on Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered Voya Financial from an “overweight” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.75.

Voya Financial Price Performance

Shares of NYSE VOYA traded down $6.09 during midday trading on Tuesday, reaching $73.62. The company’s stock had a trading volume of 1,390,566 shares, compared to its average volume of 808,696. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $7.08 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.56 and a beta of 1.02. The business’s 50 day moving average price is $81.06 and its two-hundred day moving average price is $75.14. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.07. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 EPS. On average, analysts forecast that Voya Financial will post 8.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Tony D. Oh sold 715 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $81.95, for a total value of $58,594.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Voya Financial

Large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Voya Financial during the 3rd quarter valued at about $29,000. UMB Bank n.a. grew its stake in Voya Financial by 118.9% in the third 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 period. Blue Trust Inc. raised its holdings in Voya Financial by 3,640.9% in the third quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after purchasing an additional 801 shares in the last quarter. Quarry LP bought a new position in Voya Financial in the second quarter worth $61,000. Finally, Brooklyn Investment Group purchased a new position in Voya Financial during the third quarter valued at $79,000. 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.