Royal Bank of Canada Issues Pessimistic Forecast for Voya Financial (NYSE:VOYA) Stock Price

Voya Financial (NYSE:VOYA - Get Free Report) had its price target cut by analysts at Royal Bank of Canada from $90.00 to $85.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the asset manager's stock. Royal Bank of Canada's price objective points to a potential upside of 20.03% from the company's current price.

VOYA has been the topic of several other reports. Piper Sandler reduced their price target on Voya Financial from $91.00 to $84.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 18th. UBS Group upgraded shares of Voya Financial to a "strong-buy" rating in a research note on Monday, November 11th. Evercore ISI dropped their price target on shares of Voya Financial from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company reissued an "equal weight" rating and issued a $76.00 price objective (down from $87.00) on shares of Voya Financial in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their target price on Voya Financial from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Voya Financial currently has an average rating of "Moderate Buy" and a consensus price target of $82.18.

Voya Financial Trading Down 1.9 %

VOYA traded down $1.40 on Monday, reaching $70.82. 1,134,892 shares of the company's stock were exchanged, compared to its average volume of 885,925. The company's 50 day moving average is $71.00 and its 200-day moving average is $74.08. Voya Financial has a twelve month low of $63.11 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.49 and a beta of 1.05.

Voya Financial (NYSE:VOYA - Get Free Report) last announced its quarterly earnings results 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 8.81% and a return on equity of 15.09%. Equities analysts predict that Voya Financial will post 7.11 earnings per share for the current year.

Institutional Investors Weigh In On Voya Financial

Institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Voya Financial during the third quarter valued at approximately $29,000. Jones Financial Companies Lllp grew its stake 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 buying an additional 183 shares during the last quarter. UMB Bank n.a. increased its position in Voya Financial by 118.9% in the third 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. SRS Capital Advisors Inc. lifted its stake in Voya Financial by 207.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after buying an additional 327 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Voya Financial during the fourth quarter valued at $41,000. Institutional investors own 96.10% of the company's stock.

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.