Voya Financial (NYSE:VOYA) Price Target Cut to $84.00 by Analysts at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) had its price target reduced by Keefe, Bruyette & Woods from $90.00 to $84.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

A number of other research analysts also recently commented on the company. Piper Sandler lowered their target price on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Barclays dropped their price objective on Voya Financial from $79.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday. Royal Bank of Canada reduced their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday. Bank of America reiterated a “neutral” rating and set a $83.00 price target (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. Finally, Evercore ISI decreased their target price on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.18.

Voya Financial Stock Performance

VOYA stock opened at $72.23 on Wednesday. The firm has a 50 day simple moving average of $71.24 and a 200 day simple moving average of $74.10. Voya Financial has a 52 week low of $63.11 and a 52 week high of $84.30. The stock has a market cap of $6.95 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31.

Voya Financial (NYSE:VOYA) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. Research analysts anticipate that Voya Financial will post 7.11 earnings per share for the current fiscal year.

Voya Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.49%. Voya Financial’s dividend payout ratio (DPR) is 28.66%.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. raised its stake in shares of Voya Financial by 207.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after buying an additional 327 shares in the last quarter. US Bancorp DE increased its stake in Voya Financial by 14.9% in the fourth quarter. US Bancorp DE now owns 4,199 shares of the asset manager’s stock valued at $289,000 after acquiring an additional 544 shares during the period. GW&K Investment Management LLC raised its position in Voya Financial by 0.8% in the fourth quarter. GW&K Investment Management LLC now owns 1,012,964 shares of the asset manager’s stock worth $69,722,000 after purchasing an additional 8,024 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after purchasing an additional 184 shares during the period. Finally, A&I Financial Services LLC acquired a new stake in Voya Financial during the fourth quarter valued at approximately $391,000. 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.