Voya Financial (NYSE:VOYA) Rating Lowered to Hold at Wall Street Zen

Voya Financial (NYSE:VOYA) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

VOYA has been the topic of several other reports. Wells Fargo & Company reduced their price target on Voya Financial from $83.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Keefe, Bruyette & Woods cut their price objective on Voya Financial from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Morgan Stanley reiterated an “overweight” rating and issued a $93.00 target price on shares of Voya Financial in a research note on Monday, December 15th. Royal Bank Of Canada lowered their target price on shares of Voya Financial from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Barclays upgraded shares of Voya Financial from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $83.00 to $93.00 in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.67.

Voya Financial Trading Down 0.4%

Shares of VOYA opened at $78.72 on Friday. The company’s fifty day simple moving average is $72.94 and its 200-day simple moving average is $73.43. The company has a market cap of $7.49 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.49 and a beta of 0.90. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. Voya Financial has a twelve month low of $52.43 and a twelve month high of $79.99.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 EPS. As a group, analysts expect that Voya Financial will post 8.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in shares of Voya Financial by 75.5% in the 3rd quarter. Allworth Financial LP now owns 351 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 151 shares in the last quarter. Trail Ridge Investment Advisors LLC raised its stake in Voya Financial by 2.0% in the third quarter. Trail Ridge Investment Advisors LLC now owns 8,317 shares of the asset manager’s stock worth $622,000 after buying an additional 166 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Voya Financial by 4.2% during the second quarter. ProShare Advisors LLC now owns 4,269 shares of the asset manager’s stock worth $303,000 after buying an additional 171 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in Voya Financial by 4.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,520 shares of the asset manager’s stock valued at $338,000 after acquiring an additional 201 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in Voya Financial by 1.5% during the 3rd quarter. Park Avenue Securities LLC now owns 14,677 shares of the asset manager’s stock valued at $1,098,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

Voya Financial Company Profile

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.