Keefe, Bruyette & Woods Has Lowered Expectations for Voya Financial (NYSE:VOYA) Stock Price

Voya Financial (NYSE:VOYA - Get Free Report) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $84.00 to $80.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the asset manager's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 40.13% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Bank of America reiterated an "underperform" rating and issued a $71.00 target price (down from $79.00) on shares of Voya Financial in a research note on Friday, March 28th. Evercore ISI reduced their price objective on Voya Financial from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, December 10th. UBS Group lowered their target price on Voya Financial from $94.00 to $89.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada cut their price target on Voya Financial from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler decreased their price objective on Voya Financial from $91.00 to $84.00 and set an "overweight" rating for the company in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $80.92.

Voya Financial Stock Up 1.1 %

Shares of VOYA stock traded up $0.64 on Wednesday, reaching $57.09. 288,573 shares of the company were exchanged, compared to its average volume of 854,926. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.48 and a beta of 0.93. Voya Financial has a one year low of $52.43 and a one year high of $84.30. The company has a 50-day moving average of $68.02 and a 200-day moving average of $73.05. 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 (NYSE:VOYA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.65). Voya Financial had a net margin of 8.29% and a return on equity of 14.10%. Analysts anticipate that Voya Financial will post 8.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Voya Financial by 15.7% in the 4th quarter. Bank of New York Mellon Corp now owns 6,472,277 shares of the asset manager's stock worth $445,487,000 after buying an additional 876,399 shares in the last quarter. FMR LLC lifted its position in Voya Financial by 10.5% in the fourth quarter. FMR LLC now owns 3,185,726 shares of the asset manager's stock valued at $219,274,000 after purchasing an additional 301,682 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of Voya Financial by 277.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,898,785 shares of the asset manager's stock valued at $199,062,000 after acquiring an additional 2,131,578 shares during the last quarter. Geode Capital Management LLC lifted its stake in Voya Financial by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,685,642 shares of the asset manager's stock worth $116,058,000 after acquiring an additional 23,818 shares during the period. Finally, First Trust Advisors LP boosted its position in Voya Financial by 52.9% during the 4th quarter. First Trust Advisors LP now owns 1,437,597 shares of the asset manager's stock valued at $98,950,000 after acquiring an additional 497,348 shares in the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

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.