Voya Financial (NYSE:VOYA) Price Target Cut to $90.00 by Analysts at Keefe, Bruyette & Woods

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

VOYA has been the subject of a number of other reports. Piper Sandler decreased their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. UBS Group raised Voya Financial to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced 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. Bank of America reissued a “neutral” rating and issued a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research report on Wednesday, December 11th. Finally, Raymond James downgraded shares of Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $84.73.

Voya Financial Stock Performance

Shares of VOYA stock opened at $66.39 on Friday. The firm has a market cap of $6.39 billion, a P/E ratio of 10.57, a PEG ratio of 0.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.31 and a quick ratio of 0.31. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The stock’s 50-day moving average is $75.58 and its two-hundred day moving average is $74.34.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.07. The firm 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 last year, the firm earned $2.07 earnings per share. Analysts predict that Voya Financial will post 8.09 earnings per share for the current fiscal year.

Voya Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Insider Activity at Voya Financial

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

Institutional Trading of Voya Financial

Several institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Voya Financial in the third quarter worth about $29,000. UMB Bank n.a. grew its stake in shares of Voya Financial by 118.9% in the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 239 shares during the period. Quarry LP acquired a new position in shares of Voya Financial in the 2nd quarter worth approximately $61,000. Blue Trust Inc. lifted its position in shares of Voya Financial by 3,640.9% during the 3rd quarter. Blue Trust Inc. now owns 823 shares of the asset manager’s stock worth $65,000 after buying an additional 801 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Voya Financial in the third quarter valued at $79,000. 96.10% of the stock is currently 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.