Voya Financial (NYSE:VOYA) Stock Keeps “Market Perform” Rating at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA)‘s stock had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods in a report issued on Friday, Benzinga reports. They currently have a $108.00 target price on the asset manager’s stock, down from their prior target price of $110.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 11.76% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada increased their price target on Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Barclays upped their target price on Voya Financial from $105.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised their price target on shares of Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Atlantic Securities set a $79.00 price target on shares of Voya Financial in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Voya Financial from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.15.

Voya Financial Stock Performance

Voya Financial stock opened at $96.63 on Friday. Voya Financial has a 12-month low of $64.50 and a 12-month high of $105.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.93 and a beta of 0.90. The firm’s fifty day moving average price is $99.89 and its 200 day moving average price is $89.74.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, August 4th. The asset manager reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, research analysts forecast that Voya Financial will post 9.26 EPS for the current fiscal year.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Diversified Management Inc. bought a new position in shares of Voya Financial in the 3rd quarter worth about $710,000. GAMMA Investing LLC grew its position in shares of Voya Financial by 7.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,217 shares of the asset manager’s stock valued at $398,000 after buying an additional 277 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Voya Financial by 8.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,863 shares of the asset manager’s stock valued at $176,000 after buying an additional 144 shares during the last quarter. Versant Capital Management Inc raised its stake in Voya Financial by 29.6% during the third quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock worth $66,000 after acquiring an additional 159 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Voya Financial by 9.8% during the second quarter. Sequoia Financial Advisors LLC now owns 7,078 shares of the asset manager’s stock worth $641,000 after acquiring an additional 632 shares during the period. 96.10% of the stock is owned by institutional investors and hedge funds.

About Voya Financial

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.