Voya Financial (NYSE:VOYA) Price Target Lowered to $87.00 at UBS Group
by Amy Steele · The Cerbat GemVoya Financial (NYSE:VOYA – Get Free Report) had its price objective cut by analysts at UBS Group from $90.00 to $87.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the asset manager’s stock. UBS Group’s price target suggests a potential upside of 25.00% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on VOYA. Morgan Stanley lowered their price objective on shares of Voya Financial from $93.00 to $86.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Evercore lowered their price objective on shares of Voya Financial from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on shares of Voya Financial from $85.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Wells Fargo & Company lowered their price objective on shares of Voya Financial from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Finally, Weiss Ratings lowered shares of Voya Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.38.
Get Our Latest Research Report on VOYA
Voya Financial Trading Down 0.0%
Shares of NYSE:VOYA traded down $0.01 during mid-day trading on Thursday, reaching $69.60. 1,169,158 shares of the company were exchanged, compared to its average volume of 1,025,590. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.45 and a beta of 0.86. The firm’s 50-day simple moving average is $70.41 and its 200 day simple moving average is $72.64. Voya Financial has a 1 year low of $54.06 and a 1 year high of $79.99.
Voya Financial (NYSE:VOYA – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.17). The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Voya Financial had a return on equity of 13.96% and a net margin of 7.99%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 EPS. Equities research analysts forecast that Voya Financial will post 8.39 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in VOYA. Root Financial Partners LLC purchased a new position in Voya Financial in the third quarter worth approximately $26,000. Allworth Financial LP lifted its stake in Voya Financial by 75.5% in the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock worth $26,000 after acquiring an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in Voya Financial in the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC purchased a new position in Voya Financial in the fourth quarter worth approximately $33,000. Finally, Systematic Financial Management LP purchased a new position in Voya Financial in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.10% of the company’s stock.
About Voya Financial
Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.
Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.