Voya Financial (NYSE:VOYA) Stock Bumped Down to “Hold” by Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA) was downgraded by analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a report released on Thursday, Zacks reports.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Voya Financial from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. TD Cowen boosted their price target on Voya Financial from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Jefferies Financial Group upped their price target on Voya Financial from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Morgan Stanley increased their price objective on Voya Financial from $92.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Voya Financial from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Voya Financial currently has an average rating of “Moderate Buy” and an average target price of $104.15.

Voya Financial Stock Down 1.9%

Shares of Voya Financial stock opened at $94.82 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. Voya Financial has a 52-week low of $64.50 and a 52-week high of $105.64. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 0.93 and a beta of 0.90. The company’s 50 day moving average price is $99.80 and its 200-day moving average price is $89.77.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts forecast that Voya Financial will post 9.26 EPS for the current year.

Hedge Funds Weigh In On Voya Financial

Institutional investors have recently bought and sold shares of the stock. Danske Bank A S purchased a new stake in Voya Financial in the second quarter worth about $27,000. Root Financial Partners LLC grew its holdings in shares of Voya Financial by 59.6% during the 1st quarter. Root Financial Partners LLC now owns 573 shares of the asset manager’s stock worth $39,000 after acquiring an additional 214 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Voya Financial during the 2nd quarter worth approximately $48,000. Versant Capital Management Inc raised its position in shares of Voya Financial by 29.6% in the 3rd quarter. Versant Capital Management Inc now owns 696 shares of the asset manager’s stock worth $66,000 after acquiring an additional 159 shares in the last quarter. Finally, MV Capital Management Inc. bought a new position in shares of Voya Financial in the 4th quarter worth approximately $74,000. 96.10% of the stock is owned by institutional investors.

Voya Financial Company Profile

Voya Financial, Inc is a financial services company that helps individuals, employers and institutions plan, invest and prepare for retirement. The company operates primarily in the United States and focuses on retirement plans, employee benefits and investment management.

Voya’s retirement business provides workplace retirement plans and related services, including plan administration, participant education and advice. Its employee benefits business offers products and services such as group life insurance, disability insurance, supplemental health benefits and health savings account solutions.

Through its investment management operations, Voya serves institutional and individual investors with investment strategies across public and private markets.