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

Voya Financial (NYSE:VOYA) had its price objective cut by Keefe, Bruyette & Woods from $95.00 to $92.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Other research analysts have also issued reports about the company. Raymond James lowered Voya Financial from a “strong-buy” rating to a “market perform” rating in a report on Friday, September 13th. Royal Bank of Canada lifted their price objective on shares of Voya Financial from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Bank of America increased their price objective on shares of Voya Financial from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their target price on Voya Financial from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Evercore ISI dropped their price target on Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday. Seven 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.67.

Voya Financial Stock Performance

Shares of VOYA opened at $70.17 on Tuesday. The company has a market cap of $6.75 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.50 and a beta of 1.02. The firm has a 50-day moving average of $80.61 and a 200-day moving average of $75.07. Voya Financial has a one year low of $63.11 and a one year high of $84.30. 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 (NYSE:VOYA) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.07. The business 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%. Voya Financial’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business posted $2.07 EPS. As a group, equities analysts forecast that Voya Financial will post 8.4 earnings per share for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, November 26th. Voya Financial’s dividend payout ratio (DPR) is currently 28.66%.

Insider Activity at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $81.95, for a total transaction of $58,594.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VOYA. V Square Quantitative Management LLC acquired a new stake in Voya Financial in the third quarter valued at approximately $29,000. UMB Bank n.a. increased its holdings in shares of Voya Financial by 118.9% during the third quarter. UMB Bank n.a. now owns 440 shares of the asset manager’s stock worth $35,000 after buying an additional 239 shares in the last quarter. Quarry LP bought a new position in shares of Voya Financial in the 2nd quarter valued at $61,000. Blue Trust Inc. boosted its holdings 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 valued at $65,000 after acquiring an additional 801 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in Voya Financial during the 3rd quarter worth $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.