Voya Financial (NYSE:VOYA) Given New $90.00 Price Target at Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA - Free Report) had its price objective cut by Keefe, Bruyette & Woods from $92.00 to $90.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the asset manager's stock.

Several other research analysts also recently issued reports on VOYA. Raymond James downgraded shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, September 13th. Wells Fargo & Company lowered their price objective on shares of Voya Financial from $92.00 to $87.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 10th. Evercore ISI lowered their price objective on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 10th. Piper Sandler lowered their price objective on shares of Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. Finally, Barclays lowered their price objective on shares of Voya Financial from $85.00 to $81.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.73.

Voya Financial Stock Down 2.9 %

Shares of NYSE VOYA traded down $1.97 during midday trading on Friday, hitting $66.39. The stock had a trading volume of 731,353 shares, compared to its average volume of 615,925. The business's 50 day moving average is $75.58 and its 200-day moving average is $74.34. The company has a market cap of $6.39 billion, a P/E ratio of 10.57, a PEG ratio of 0.54 and a beta of 1.05. Voya Financial has a 52 week low of $63.11 and a 52 week high of $84.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.54.

Voya Financial (NYSE:VOYA - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.07. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.86 billion. Voya Financial had a net margin of 8.81% and a return on equity of 15.09%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 earnings per share. As a group, analysts predict that Voya Financial will post 8.09 EPS for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Tuesday, November 26th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.71%. Voya Financial's payout ratio is 28.66%.

Insider Buying and Selling at Voya Financial

In related news, insider Tony D. Oh sold 715 shares of Voya Financial 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Voya Financial

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in shares of Voya Financial by 5.8% during the 3rd quarter. US Bancorp DE now owns 3,655 shares of the asset manager's stock worth $290,000 after acquiring an additional 202 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of Voya Financial by 6.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,291 shares of the asset manager's stock worth $261,000 after acquiring an additional 210 shares in the last quarter. 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 acquiring an additional 239 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Voya Financial by 2.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 11,426 shares of the asset manager's stock worth $905,000 after acquiring an additional 245 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Voya Financial by 8.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,591 shares of the asset manager's stock worth $285,000 after acquiring an additional 270 shares in the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

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.