Barclays Has Lowered Expectations for Voya Financial (NYSE:VOYA) Stock Price

Voya Financial (NYSE:VOYA) had its price target decreased by Barclays from $79.00 to $75.00 in a report released on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the asset manager’s stock.

Several other research analysts have also commented on the company. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $92.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Bank of America reiterated a “neutral” rating and set a $83.00 target price (down from $91.00) on shares of Voya Financial in a report on Wednesday, December 11th. Wells Fargo & Company restated an “equal weight” rating and issued a $76.00 price target (down previously from $87.00) on shares of Voya Financial in a report on Tuesday, January 14th. Piper Sandler dropped their price objective on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada decreased their target price on shares of Voya Financial from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.18.

Voya Financial Stock Up 5.6 %

VOYA opened at $72.23 on Wednesday. Voya Financial has a 1 year low of $63.11 and a 1 year high of $84.30. The firm has a 50 day moving average price of $71.24 and a 200 day moving average price of $74.10. 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 $6.95 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.49 and a beta of 1.05.

Voya Financial (NYSE:VOYA) last released its quarterly earnings data 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 return on equity of 15.09% and a net margin of 8.81%. Sell-side analysts expect that Voya Financial will post 7.11 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 25th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.49%. Voya Financial’s dividend payout ratio (DPR) is presently 28.66%.

Institutional Trading of Voya Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealthspire Advisors LLC increased its holdings in shares of Voya Financial by 5.3% in the 4th quarter. Wealthspire Advisors LLC now owns 2,967 shares of the asset manager’s stock valued at $204,000 after acquiring an additional 148 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Voya Financial by 17.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the asset manager’s stock worth $80,000 after purchasing an additional 169 shares during the period. CIBC Asset Management Inc increased its stake in Voya Financial by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 3,307 shares of the asset manager’s stock valued at $228,000 after purchasing an additional 177 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Voya Financial by 13.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,532 shares of the asset manager’s stock worth $105,000 after purchasing an additional 184 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Voya Financial by 45.0% in the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds 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.