JPMorgan Chase & Co. Issues Pessimistic Forecast for Voya Financial (NYSE:VOYA) Stock Price

Voya Financial (NYSE:VOYA - Free Report) had its target price lowered by JPMorgan Chase & Co. from $81.00 to $80.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the asset manager's stock.

Other analysts also recently issued research reports about the stock. Barclays downgraded shares of Voya Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI cut their price objective on Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods decreased their target price on Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada cut their price target on shares of Voya Financial from $90.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Voya Financial from $76.00 to $79.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Voya Financial currently has a consensus rating of "Hold" and an average price target of $82.83.

Voya Financial Price Performance

Shares of Voya Financial stock traded down $3.35 during trading hours on Wednesday, reaching $53.26. The company's stock had a trading volume of 784,481 shares, compared to its average volume of 842,539. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.30 and a quick ratio of 0.31. Voya Financial has a one year low of $52.62 and a one year high of $84.30. The firm has a 50 day moving average price of $69.95 and a 200-day moving average price of $74.05. The stock has a market cap of $5.09 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.48 and a beta of 0.93.

Voya Financial (NYSE:VOYA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. On average, analysts predict that Voya Financial will post 8.39 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 3.38%. Voya Financial's dividend payout ratio (DPR) is presently 29.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VOYA. Wealthspire Advisors LLC boosted its stake in Voya Financial by 5.3% in the fourth quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager's stock valued at $204,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group boosted its stake in Voya Financial by 17.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager's stock worth $80,000 after purchasing an additional 169 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Voya Financial by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager's stock worth $228,000 after purchasing an additional 177 shares in the last quarter. Jones Financial Companies Lllp grew its position in Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock worth $28,000 after purchasing an additional 183 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Voya Financial by 13.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager's stock worth $105,000 after buying an additional 184 shares during the last quarter. 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.