Barclays Has Lowered Expectations for Voya Financial (NYSE:VOYA) Stock Price

Voya Financial (NYSE:VOYA – Get Free Report) had its price objective dropped by Barclays from $79.00 to $75.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the asset manager’s stock. Barclays‘s target price points to a potential upside of 5.91% from the company’s current price.

A number of other brokerages have also weighed in on VOYA. Bank of America reaffirmed a “neutral” rating and set a $83.00 target price (down previously from $91.00) on shares of Voya Financial in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on shares of Voya Financial from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Evercore ISI lowered their price target on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, December 10th. Piper Sandler lowered their price target on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Voya Financial from $92.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Voya Financial has a consensus rating of “Moderate Buy” and an average target price of $82.18.

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Voya Financial Price Performance

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Shares of Voya Financial stock opened at $70.82 on Wednesday. The company’s fifty day simple moving average is $71.00 and its two-hundred day simple moving average is $74.08. The firm has a market cap of $6.81 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54. Voya Financial has a 12-month low of $63.11 and a 12-month high of $84.30.

Voya Financial (NYSE:VOYA – Get Free Report) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 earnings per share 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%. As a group, equities analysts expect that Voya Financial will post 7.11 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VOYA. Creative Planning raised its holdings in shares of Voya Financial by 15.3% during the second quarter. Creative Planning now owns 7,216 shares of the asset manager’s stock valued at $513,000 after purchasing an additional 958 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Voya Financial during the second quarter valued at $319,000. SG Americas Securities LLC lifted its holdings in Voya Financial by 379.8% in the third quarter. SG Americas Securities LLC now owns 13,242 shares of the asset manager’s stock valued at $1,049,000 after acquiring an additional 10,482 shares during the period. UMB Bank n.a. boosted its position 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 last quarter. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of Voya Financial during the 3rd quarter valued at about $363,000. 96.10% of the stock is owned by hedge funds and other institutional investors.

Voya Financial Company Profile

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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.