JPMorgan Chase & Co. Cuts Voya Financial (NYSE:VOYA) Price Target to $80.00

Voya Financial (NYSE:VOYA) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $81.00 to $80.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 18.03% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Piper Sandler lowered their price objective on Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a report on Wednesday, December 18th. Morgan Stanley upgraded Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $76.00 to $87.00 in a report on Friday, February 28th. Evercore ISI lowered their target price on shares of Voya Financial from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, December 10th. Royal Bank of Canada cut their price objective on Voya Financial from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, Barclays cut shares of Voya Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.27.

Voya Financial Trading Up 0.0 %

Shares of VOYA opened at $67.78 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $70.38 and its 200-day simple moving average is $74.34. Voya Financial has a twelve month low of $64.10 and a twelve month high of $84.30. The company has a market cap of $6.47 billion, a P/E ratio of 10.98, a P/E/G ratio of 0.48 and a beta of 1.03.

Voya Financial (NYSE:VOYA) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. As a group, analysts expect that Voya Financial will post 8.39 EPS for the current year.

Institutional Investors Weigh In On Voya Financial

A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Voya Financial by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 327,783 shares of the asset manager’s stock worth $22,561,000 after purchasing an additional 11,336 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in Voya Financial by 420.8% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 64,398 shares of the asset manager’s stock valued at $4,812,000 after acquiring an additional 52,032 shares during the period. KBC Group NV grew its holdings in shares of Voya Financial by 260.5% during the fourth quarter. KBC Group NV now owns 9,384 shares of the asset manager’s stock valued at $646,000 after purchasing an additional 6,781 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Voya Financial during the 4th quarter worth approximately $47,155,000. Finally, Barclays PLC lifted its holdings in shares of Voya Financial by 48.2% in the 3rd quarter. Barclays PLC now owns 48,890 shares of the asset manager’s stock worth $3,872,000 after purchasing an additional 15,902 shares during the last quarter. 96.10% of the stock is currently owned by 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.