Voya Financial (NYSE:VOYA) Rating Lowered to Hold at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) was downgraded by equities research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Other research analysts have also issued reports about the company. Evercore reiterated an “outperform” rating and issued a $111.00 price objective on shares of Voya Financial in a research report on Friday, August 7th. Barclays upped their price target on Voya Financial from $105.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings upgraded Voya Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. Jefferies Financial Group lifted their price objective on Voya Financial from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Finally, TD Cowen upped their target price on shares of Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Voya Financial has an average rating of “Moderate Buy” and a consensus price target of $104.15.

Voya Financial Price Performance

Shares of VOYA stock opened at $94.82 on Thursday. Voya Financial has a 1 year low of $64.50 and a 1 year high of $105.64. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $99.80 and its 200-day moving average is $89.77. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.93 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results 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 company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business earned $1.66 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. Sell-side analysts forecast that Voya Financial will post 9.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG acquired a new stake in Voya Financial in the 2nd quarter valued at approximately $1,010,000. Quantinno Capital Management LP increased its stake in Voya Financial by 6.8% in the 1st quarter. Quantinno Capital Management LP now owns 237,550 shares of the asset manager’s stock valued at $16,229,000 after buying an additional 15,186 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Voya Financial during the 2nd quarter worth about $850,187,000. Tidal Investments LLC increased its position in shares of Voya Financial by 172.7% in the second quarter. Tidal Investments LLC now owns 21,487 shares of the asset manager’s stock valued at $1,945,000 after acquiring an additional 13,608 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Voya Financial during the second quarter valued at approximately $2,045,000. Institutional investors own 96.10% of the company’s stock.

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.