Voya Financial (NYSE:VOYA) Price Target Lowered to $89.00 at UBS Group

Voya Financial (NYSE:VOYA) had its price objective lowered by UBS Group from $94.00 to $89.00 in a research note released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the asset manager’s stock.

A number of other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Voya Financial from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler dropped their target price on shares of Voya Financial from $91.00 to $84.00 and set an “overweight” rating for the company in a report on Wednesday, December 18th. Bank of America restated an “underperform” rating and issued a $71.00 price objective (down from $79.00) on shares of Voya Financial in a research report on Friday, March 28th. Barclays lowered Voya Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their target price on Voya Financial from $76.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.83.

Voya Financial Price Performance

Shares of Voya Financial stock opened at $69.06 on Wednesday. The stock has a market cap of $6.60 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.30. The stock’s fifty day moving average is $70.37 and its 200 day moving average is $74.31. Voya Financial has a one year low of $64.10 and a one year high of $84.30.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.50 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.65). Voya Financial had a return on equity of 14.10% and a net margin of 8.29%. Sell-side analysts anticipate that Voya Financial will post 8.39 earnings per share for the current year.

Voya Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 25th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.80 annualized dividend and a yield of 2.61%. Voya Financial’s dividend payout ratio is currently 29.41%.

Institutional Investors Weigh In On Voya Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOYA. Jones Financial Companies Lllp increased its position in shares of Voya Financial by 81.0% during the 4th quarter. Jones Financial Companies Lllp now owns 409 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 183 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Voya Financial by 207.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 485 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Quarry LP purchased a new stake in shares of Voya Financial in the fourth quarter valued at $37,000. R Squared Ltd purchased a new stake in shares of Voya Financial in the fourth quarter valued at $41,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Voya Financial by 45.0% during the 4th quarter. Venturi Wealth Management LLC now owns 648 shares of the asset manager’s stock worth $45,000 after purchasing an additional 201 shares during the period. 96.10% of the stock is currently owned by hedge funds and other 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.