Voya Financial (NYSE:VOYA) Earns Moderate Buy Rating from Keefe, Bruyette & Woods

Voya Financial (NYSE:VOYA)‘s stock had its “moderate buy” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a $82.00 price target on the asset manager’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 23.86% from the stock’s previous close.

Several other analysts also recently weighed in on the company. Royal Bank Of Canada upped their price target on Voya Financial from $85.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Voya Financial in a report on Monday, December 29th. Barclays raised Voya Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $83.00 to $93.00 in a research note on Thursday, January 8th. Wall Street Zen downgraded Voya Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Wells Fargo & Company lowered their price target on Voya Financial from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.50.

Voya Financial Trading Down 3.8%

NYSE:VOYA opened at $66.21 on Thursday. Voya Financial has a one year low of $52.43 and a one year high of $79.99. 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 company’s 50-day simple moving average is $71.64 and its 200 day simple moving average is $73.14. The firm has a market capitalization of $6.14 billion, a P/E ratio of 10.53, a PEG ratio of 0.47 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last announced its earnings results 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). Voya Financial had a net margin of 7.99% and a return on equity of 13.96%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business posted $1.40 EPS. Voya Financial’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that Voya Financial will post 8.39 EPS for the current fiscal year.

Institutional Trading of Voya Financial

A number of institutional investors and hedge funds have recently modified their holdings of VOYA. Root Financial Partners LLC bought a new position in shares of Voya Financial during the third quarter valued at $26,000. Allworth Financial LP boosted its position in shares of Voya Financial by 75.5% during the third quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after buying an additional 151 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in Voya Financial in the 4th quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in Voya Financial in the 4th quarter worth about $33,000. Finally, Systematic Financial Management LP purchased a new position in Voya Financial in the 4th quarter worth about $37,000. 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.