Bank of America Reaffirms "Underperform" Rating for Voya Financial (NYSE:VOYA)

Bank of America restated their underperform rating on shares of Voya Financial (NYSE:VOYA - Free Report) in a report published on Friday, Marketbeat Ratings reports. They currently have a $71.00 target price on the asset manager's stock, down from their prior target price of $79.00.

Other analysts have also issued reports about the stock. Wells Fargo & Company increased their price target 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. Keefe, Bruyette & Woods decreased their target price on shares of Voya Financial from $90.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. cut their target price on shares of Voya Financial from $87.00 to $82.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Morgan Stanley raised shares of Voya Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $76.00 to $87.00 in a report on Friday, February 28th. Finally, Piper Sandler reduced their target price 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 analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.45.

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Voya Financial Trading Up 0.5 %

VOYA stock traded up $0.35 during midday trading on Friday, reaching $68.11. The company's stock had a trading volume of 216,814 shares, compared to its average volume of 938,226. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.48 and a beta of 1.03. Voya Financial has a 1 year low of $64.10 and a 1 year high of $84.30. The stock has a fifty day simple moving average of $70.42 and a two-hundred day simple moving average of $74.39. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30.

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

Voya Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, February 25th. Voya Financial's dividend payout ratio is presently 29.41%.

Institutional Investors Weigh In On Voya Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its holdings in shares of Voya Financial by 81.0% in the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager's stock valued at $28,000 after acquiring an additional 183 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Voya Financial by 207.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager's stock valued at $33,000 after acquiring an additional 327 shares during the period. Quarry LP purchased a new stake in Voya Financial during the fourth quarter worth $37,000. R Squared Ltd acquired a new stake in shares of Voya Financial in the fourth quarter valued at approximately $41,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Voya Financial by 45.0% during the fourth quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager's stock valued at $45,000 after acquiring an additional 201 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

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.