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

Voya Financial (NYSE:VOYA - Get Free Report) had its price objective dropped by research analysts at Barclays from $85.00 to $81.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the asset manager's stock. Barclays's target price points to a potential upside of 12.17% from the stock's previous close.

Several other equities analysts have also commented on VOYA. 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. Raymond James cut shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a report on Friday, September 13th. Piper Sandler boosted their price objective on shares of Voya Financial from $88.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group upgraded Voya Financial to a "strong-buy" rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. downgraded Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price target on the stock. in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Voya Financial currently has an average rating of "Moderate Buy" and an average target price of $86.50.

Voya Financial Stock Down 9.4 %

Shares of VOYA stock traded down $7.49 during trading hours on Tuesday, reaching $72.22. 2,794,296 shares of the company's stock were exchanged, compared to its average volume of 816,326. Voya Financial has a fifty-two week low of $63.11 and a fifty-two week high of $84.30. The stock's 50 day moving average is $81.06 and its 200-day moving average is $75.14. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.54. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.56 and a beta of 1.02.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. Voya Financial had a return on equity of 15.09% and a net margin of 8.81%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $2.07 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Analysts predict that Voya Financial will post 8.4 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tony D. Oh sold 715 shares of the stock in a transaction dated 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 can be accessed through this hyperlink. Insiders own 1.37% of the company's stock.

Hedge Funds Weigh In On Voya Financial

Several institutional investors and hedge funds have recently modified their holdings of 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. raised its stake in shares of Voya Financial by 118.9% during the 3rd quarter. UMB Bank n.a. now owns 440 shares of the asset manager's stock worth $35,000 after buying an additional 239 shares during the period. Blue Trust Inc. lifted its position 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 buying an additional 801 shares in the last quarter. Quarry LP acquired a new stake in Voya Financial in the 2nd quarter valued at $61,000. Finally, Brooklyn Investment Group purchased a new stake in Voya Financial in the 3rd quarter worth $79,000. Hedge funds and other institutional investors 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.